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I-Glow

02/09/17 12:16 PM

#34923 RE: JPGetty #34919

That isn't accurate - when the Attorney files the court documents with FINRA the ticker will be delisted and the shares will be terminated.

Both Hofmeister (the attorney) and Robins have both stated all shareholders shares will be terminated.

If Hofmeister had submitted the documents to FINRA the Q would have been removed if it was going to still trade.

The POR is very clear about the Class 4 Creditors:

"THIS CLASS IS IMPAIRED BY THE PLAN.

4. Class(es) of Interest Holders Interest holders are the parties who hold ownership interest (i.e., equity interest) in the Debtor. If the Debtor is a corporation, entities holding preferred or common stock in the Debtor are interest holders. If the Debtor is a partnership, the interest holders include both general and limited partners. If the Debtor is an individual, the Debtor is the interest holder. The following chart identifies the Plan’s treatment of the class of interest holders:"


TREATMENT

All old equity/membership interests shall be extinguished and receive no
distribution or value.


The POR is very clear in that all Equity Interest Holders (Preferred and Common shares) shall be extinguished and receive no distribution.

Impaired means the common shares are cancelled.

IG