GREY:LSTMF - Post by User
Comment by
BluSky23on Jan 01, 2017 3:47pm
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Post# 25658052
RE:RE:RE:Did the shareholders ever vote for the restructuring?
RE:RE:RE:Did the shareholders ever vote for the restructuring?Yes, I believe SH's have to be in the game because of these statements above. SH's cannot receive cash ahead of unsecured, but can receive ownership. I think the fact that Ridgeback dismissing the LTS board shows it bought the company. I don't expect LTS to file bankruptcy now, as it has no debt and Ridgeback will fund an orderly shut down. Will be interesting to find out, likely this week.