Replies to post #1332 on Paragon Offshore plc (fka PGNPQ)

[JDoggs_Money]

No bueno -

"As with the Fourth Plan, existing equity will be deemed valueless through an administration of the company in the United Kingdom and current shareholders are not expected to have any recovery. Both the U.S. Trustee and the court have declined to appoint an equity committee in the Paragon cases."