ARIOQ-I understand the fixation on commons surviving. Anyway there were already things before the court even before Doc70_&_71. There are other tid-bits of information. As I continue to say: The judge is like a glass jar over the resistance. We have a experienced BK judge at the helm.Not a fruit-cake or worse. Competent, and IMO, very Hands-On now. Thats' my opinion from one of my reads.
That is very interesting. All I will say is I have had a feeling about this one. And for anyone thinking about reminding me about cancellation. I get it. But shall be authorized and ordered are two different things. That said I wont be buying more. Sells set above 0.01
The desperation is amusing in the "analysis" or the Confirmation of the POR.
You must have failed to read the following:
What you don't seem to understand is that in the Order the Judge made it very clear:
As anyone can see - Robins/Payroll Funding is to receive 100% of the newly issued shares - that means all of the old Common and Preferred shares will be cancelled on the Effective Date!
The plan proponent is Hofmeister - the Debtor is ARIO. When Payroll funding is issued 100% of the new shares in ARIO - that means all old equity interest will be cancelled.
What isn't known is the Effective Date.
The point is that all Common shares will be cancelled. And yes, according to the POR they will be cancelled.
Hofmeister has acknowledged that, "All shareholders shares will be terminated."
It is futile to try and argue against facts - this is like the nonsense that was posted that the POR was "botched" - the Judge proved that wasn't close to being accurate.