Renee, I'm not connecting the dots on how that means we won't be subject to any possible CODI. (I'm not being difficult, just trying to navigate this wisely). I bought my shares all in 2017.
Class 14 common shareholders: ALL shares will be cancelled on or about August 1st,2017 upon the PLAN being made effective.
VNR Common Unit New Warrants means the 3-year warrants issued to Holders of Allowed VNR Common Units for three percent (3%) of the New Common Stock as of the Effective Date.
On or about August 1st ALL COMMON SHARES WILL BE CANCELLED!!!!!!!!!
Exhibit 2.1:
14. Class 14 – Other Existing Equity Interests. (my comment: VNRSQ shareholders)
(a)Classification: Class 14 consists of all Other Existing Equity Interests.
(b)Treatment: On the Effective Date, each Other Existing Equity Interest shall be cancelled and of no further force and effect, and the holders thereof shall not receive or retain any distribution on account of their Other Existing Equity Interests.
(c)Voting: Class 14 is Impaired under the Plan. Each holder of an Other Existing Equity Interest will be conclusively presumed to have rejected the Plan pursuant to section 1126(g) of the Bankruptcy Code. Therefore, holders of Other Existing Equity Interests are not entitled to vote to accept or reject the Plan.
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