Replies to post #17053 on Shearson Financial Network (fka SHSNQ)

[Stock]

6.1.4. On the Effective Date, the NIR Debentures and the accompanying registration rights agreement shall be reinstated, pursuant to the terms of the NIR Debenture Documents, as may be modified by any post-Effective Date amendments by the NIR Group and Reorganized Shearson. The NIR Group shall retain, and to the extent necessary be granted, a lien upon the NIR Group Collateral and a lien on the collateral securing the liens of the holders of Allowed Secured Claims, described in Section 4.2 of the Plan, until the Allowed NIR Group Debentures Claims are paid in full. Additionally, the NIR Group shall be allowed to exercise any conversion rights it has in the NIR Debenture Documents as to Reorganized Shearson and the shares of stock in Reorganized Shearson.

Ribotsky was here? Same NIR Group?

Free Zone | User's Groups | NIR Group
#board-11792

[ib12u]

'Generic' you are correct again! and notice the DATE of the SEC Filing, and the DATE the share cancellations occurred.

Nice "TIMING" they have, ay?

ROFLAMO!