Replies to post #2242 on Cyxtera Technologies Inc (fka CYXTQ)

[tchalla]

that is a joint plan for reorg if all the bids fall through. you keep trying to scare people with your half baked analysis of a bk process that is not wven half way through.

[tchalla]

keep peddling your crap to bash. that will not change the outcome.of the sale goes through and the final bidder pays enough to leave equity for stockholders.

[tchalla]

not to mention, you have no clue what the judge will do with commons. the judge has to approve a plan. and that is only if their quest for a buyer falls through. lots of time to see this stock run hard.

[tchalla]

the truth is not in you. there has been no determination about equity interests of shareholders. the plan states that one of two things can happen:

On the Plan Effective Date or as soon as reasonably practicable
thereafter, except to the extent that a holder of an Equity
Interest agrees to less favorable treatment, in full and final
satisfaction, settlement, release, and discharge of and in
exchange for each allowed Equity Interest, each holder of an
Equity Interest shall receive:
(A) in the event the Recapitalization Transaction is
consummated through Pre-Packaged Chapter 11 Cases, its pro
rata share of the Equity Recovery Pool. In such case, the Plan
shall provide for the funding of a value recovery pool in an
amount no less than the Equity Plan Recovery Amount for
distribution to holders of Equity Interests on a pro rata basis
(the “Equity Recovery Pool”). The Equity Recovery Pool shall
be in a form acceptable to the Required Consenting
Term Lenders; or
(B) in the event the Recapitalization Transaction is not
consummated through Pre-Packaged Chapter 11 Cases, no
recovery. In such case, the Equity Interests shall be cancelled
and extinguished