Replies to post #1018 on J.G. Wentworth Company (fka JGWEQ)

[stockyupydowny]

I believe what people are saying is that this is part of the way they have to state everything like they did before - put on the table - and then take it away - could be wrong - anyone else looking at it this way?

[07up]

Wreckingballer  
Tuesday, 11/14/17 08:12:20 PM
Re: NEWB4now post# 870

Post # of 1018 

"All existing equity interests of PubCo will be cancelled without recovery." First you need to understand what equity interest means and you left out the words partnership equity interest.

They are referring to their partnership equity interest debt note holders not retail.

I thought you understood yesterday with the link I gave you explaining the difference?

Glad I could clear that up for you again

[getmoreshares]

they do not believe it will happen- Just wait! Then they will be upset. Just a little more DD-- a single person owns a majority of shares(78% from memory)- he is exiting the co and WILL be PAID!!! Common shareholder votes have no value.
They are OUT NUMBERED from the start!

[07up]

Only Orchard and its direct and indirect parent companies, including PubCo and the Partnership, are anticipated to file the Chapter 11 Cases. Accordingly, Orchard’s direct and indirect subsidiaries, including the entities which conduct all of the Company’s consolidated operations, are not anticipated to file any Chapter 11 cases (the “ Non-Filing Affiliates ”). The Company expects ordinary-course operations to continue substantially uninterrupted during and after the Chapter 11 Cases.

https://ih.advfn.com/p.php?pid=nmona&article=76063838