Replies to post #328 on Key Energy Services Inc. (KEGX)

[Handyman4545]

CORRECTION TO PREVIOUS POST

UNLESS....

You were issued a class 8 stock (which is the most common classification of public stock) and it was deemed by the company as "allowed existing" or "special treatment" you would have received an elections form stating...

SHOULD READ

UNLESS....

You were issued a class 8 stock (which is the most common classification of public stock) and it was deemed by the company as "allowed existing" or "special treatment" you are now holding worthless stock. Otherwise you would have received an elections form stating...

[Mcgill]

It's more like a rambling than a clear answer. I think there is more to this and only time can tell that.

[Liam_S]

This is blatantly false. The fact that a shareholder did not receive an election form DOES NOT mean that he is holding worthless stock.

If you're holding shares and haven't yet received an election form, your best bet is to contact your broker and get one, fill it out and send it in asap if you want the cash option.

Even if you don't get one, the plan of reorganization clearly states that all shareholders that do not return a completed election form will be deemed to have granted all releases and will receive the plan securities - the only difference between those who receive and return an election form and those who don't is that those who do will have the option of getting cash in lieu of warrants and shares, while those who don't will get the shares and warrants, instead of cash. In my opinion, the shares plus warrants are worth more than the cash.

The record date for participating in the plan distribution is the date of plan effectiveness, which will be sometime in December 2016 or Jan. 2017.

All this information is contained in doc #78 filed on 10/26.