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trader59

08/10/20 3:36 PM

#10170 RE: JFK4 #10165

The plan itself dilutes the stock. It exchanges at least 1.38B shares for the unsecured debt, adding to the 1.6B shares already in the O/S. The A/S of 2B will be exceeded by about 1B shares, so there'll have to be a change of some sort to fix that.
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Showerbeers

08/10/20 7:16 PM

#10293 RE: JFK4 #10165

Shares will be frozen and if certain requirements are not met then the shares will be canceled.