Replies to post #1078 on Paragon Offshore plc (fka PGNPQ)

[Pisd]

o The judge has requested post trial briefings. These are due 5:00 PM Eastern Time on Monday, October 17, 2016.

o Each party will have one week, until 5:00 PM Eastern Time on Monday, October 24, 2016, to reply to the other party’s belief.

o The judge has indicated he would then expect to rule as soon thereafter as possible. No additional oral arguments will be heard.

Hopefully within two weeks.

...Thus, if you are an existing shareholder, nothing will change in terms of the number of shares you own. That is, if you own 1,000 shares today, you will own 1,000 shares on the effective date.
o Only the bondholder group will be issued new shares...

GL