Replies to post #2104 on Golden Mountain Financial Holdings Corp. (fka FNBC

[Enterprising Investor]

Although one could say the Plan Proponents got nervous, what is the use of funding escrow when the appeal is currently standing in the way of plan becoming effective?

The reality of this situation is that the UST has a zero percent chance of any future recovery unless the plan moves forward. It also knows that equity cannot earn a return on investment unless the preferred stock becomes current down the road.

It's time to play "Let's Make a Deal."

I am currently a holder of TruPS in an obscure deal that will keep equity from its payday as long as I do not sell my shares or give in to lowball offers from the company. The judgement day is 11/30/28 when the underlying debentures mature.

[investsen]

Hope they should be able to resolve the issues with treasury and there will not be any further delays.

[investsen]

No update yet. Hope the debtor will settle with treasury and will not request for another extension.

[investsen]

886 09/03/2020 Ex Parte Motion to Extend Time Joint Ex Parte Motion to Extend Deadline for Effective Date and Funding of Chapter 11 Plan of Reorganization (with Certificate of Service) Filed by Brandon A. Brown of Stewart Robbins & Brown, LLC., Barbara B. Parsons of The Steffes Firm, LLC on behalf of First NBC Bank Holding Company, Official Unsecured Creditors' Committee.