What makes you think that the old shares and shareholders will be cancelled or ignored. The 1st question that will (should be) asked next Tuesday is about the present shares...I think there will be a 100:1 split but your plan would also work...just don't want to sell at 0.05 when the share price could be $5.00. Don't sell our position short. There's a Shareholder Meeting coming up soon and as FFF has stated in the past, according to our bylaws, we shareholders have a vote at that Shareholder Meeting at the end of July. I hope we all vote together and I hope we all vote to protect our investment here.
One of the main purposes of filing Chapter 11 is to shed and restructure debt, not add to it. If they are going to go about cancelling out the current shares, I would almost guarantee that they will not include a provision to pay us for them later. Now don't get me wrong, I would love a provision like that, I just don't believe it would ever happen.
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