Replies to post #48751 on Medizone Intl. (fka MZEIQ)

[Eli's Gone]

Ed is dismissing (without prejudice) HIS Involuntary Chapter 11 petition---has nothing to do with converting the active Chapter 7 to an 11...

IF this mess is reorganized, there will have to be a DIP funder---all shares will be canceled and new shares issued...

the secured claim(Ed's) will be paid out of the asset sale along with the administration claims of the court/trustee...

unclear how the rest of the unsecured claims will be handled---but typically, if they are not not paid in full upon exit, there will be no payout to current shareholders...

upon exit from Chap 11, the DIP funder will receive the big chunk of new equity, along with pro-rated issuances to unpaid creditors---remains to be seen if somehow any of the new equity will be carved out for current holders---you won't know that until you see a filed Plan of Reorganization---the New Ed Marshall Plan...

start getting familiar with Equity Committees if you want a seat at the table :-)

https://www.forbes.com/sites/maxfrumes/2016/10/14/the-equity-committee-trend-when-shareholders-of-a-bankrupt-company-hope-to-get-more-than-nothing/#3f39b06056b2

[goforthebet]

I am very curious how this will end or not end... thx for your thoughts Ben and NSD and for your information Elis

[teq0904]

Any serious investors putting up money will first consolidate the existing shares at least 100 for 1. Look at Reshape, which has been consolidated numerous times in the last 3 years when they did financings. They did at least one 75 to 1 after a few 15:1 were done. https://investorshub.advfn.com/ReShape-Life-Sciences-RSLS-32670/