Replies to post #2198 on Cyxtera Technologies Inc (fka CYXTQ)

[m0n]

“New Common Stock” to be issued and page 19 states:

Page 19 - Common Stock to be cancelled without compensation:

8. Class 8 - Existing Equity Interests ?(a) Classification: Class 8 consists of all Existing Equity Interests. ?(b) Treatment: On the Effective Date, all Existing Equity Interests shall be cancelled, ?released, extinguished, and discharged and will be of no further force or effect. Holders ?of Interests shall receive no recovery or distribution on account of their Existing ?Equity Interests. ?(c) Voting: Class 8 is Impaired under the Plan. Holders of Allowed Interests in Class 8 are ?conclusively deemed to have rejected the Plan under section 1126(g) of the Bankruptcy ?Code. Therefore, such Holders are not entitled to vote to accept or reject the Plan.


https://www.kccllc.net/cyxtera/document/2314853230807000000000001

LoL

LoL

LoL

[pinkslipjunkie]

Yea...like Dell...they have a lot wrapped up in the Cyxtere technology and will take a hit in replacing it with something else from what I have read....now I am not saying Dell has an interest in being part of this bid process I am just saying I see your point.

you have no clue what the bids are going to be for the company. there are probably a number of companies that would rather buy out the company for its technology than lose out on the opportunity and let the company reorg to survive.