GREY:LSTMF - Post by User
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Oldfart74on Jan 23, 2017 8:57am
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Post# 25740394
RE:RE:RE:RE:@wizthewiz go to Reports ,third monitor report pg10&11
RE:RE:RE:RE:@wizthewiz go to Reports ,third monitor report pg10&11BluSky23 wrote: I have read all of the documents, and the way I see it is that the SH's can not receive cash as the unsecured need to be paid in full before a dollar trickles to us SH's....and that is not happening. The only language that gives me hope I that the shares will be distributed to 'beneficial owners' of the secured debt. My hope is that the court made the SH's a beneficial owner. If memory correct, it gives 30 days grace, so we may fin out February. If that's the case, trading shares if worthless, as it states Beneficial Owners as of Dec 8. Good luck.
Read the documents. How can shareholders be beneficial owners of secured debt? They are shareholders.