Replies to post #175585 on DD Support Board and Research Team

[1manband]

ALWAYS read the Plan of Reorganization. The answer to what will happen to each class, including common shareholders, will always be found there.

https://www.sec.gov/Archives/edgar/data/1022646/000119312520143092/d892114dex101.htm

But the current trading price of the stock should give you a very strong hint that the existing common shares will be cancelled. Which is exactly what is going to happen.

"Class 10 — Interests in Ultra Petroleum

(a) Classification: Class 10 consists of all Interests in Ultra Petroleum.

(b) Treatment: Holders of Interests in Ultra Petroleum will not receive any distribution on account of such Interests, which will be canceled, released, and extinguished as of the Effective Date, and will be of no further force or effect.

(c) Voting: Class 10 is Impaired. Each holder of an Interest in Ultra Petroleum will be conclusively presumed to have rejected the Plan pursuant to section 1126(g) of the Bankruptcy Code. Therefore, holders of Interests in Ultra Petroleum are not entitled to vote to accept or reject the Plan."