Replies to post #5546 on Champion Enterprises Inc. (fka CJHBQ)

[rawtrader22]

First.....


I hold a decent amount of shares and want nothing but the best from the company however I do have a question.

The following was in Exhibit F of the proposal.

". 60% of initial primary Shares wil be issued to investors (including
the Lead Investors) in exchange for $50 million cash investment;
. 35% of initial primary Shares will be issued to DIP Lenders as DIP
Loan Equitization Shares (as part ofthe credit bid contemplated by
the Letter of Intent); and
. 5% of initial primary Shares wil be issued to DIP Lenders as Debt
Equity Kicker Shares (as part of the credit bid contemplated by the
Letter of Intent). "

What do you make of this? does "initial primary shares" mean that this distribution is within the 60% of the shares they are going to get. Or is the a distribution of all the shares, and we will be left out?

There is some confusing language, I understand their concerns.

For instance, no one would answer my question as to what a "registered share" was, or what an "accredited investor" meant, because I see a ton of language saying accredited investors will get shares in the new company.

by accredited or registered investor do we need to hold shares for any duration before being considered such? e.g., could anyone buy shares the day before the hearing and be counted in on the deal?

Hopefully the board will help answer these instead of refusing to reply!!!! Like i said I own a decent amount of shares, and I want to see the company do well, I just want a few answers as well.

Note: I called the company and emailed them trying to get answers, and they have yet to respond.