Post by
oilman53 on Dec 09, 2016 11:13am
Shareholders of LTS
get Nothing, nada, zilch!
Comment by
reefsandals4eva on Dec 09, 2016 11:33am
Did you notice Hopanddrop made their profile on Dec 8th. Has 1 single post. That is fishy. @oilman, what makes you so confident shareholders won't get anything? Just explain. I'm not arguing with you, I need an explanation.
Comment by
oilman53 on Dec 09, 2016 1:00pm
That's the way I interpret the press release. The "New Company" will be wholly owned by the preferred debt holders"
Comment by
Pancho2 on Dec 09, 2016 1:10pm
You right reefsandals, we still might have some hopes "On the Closing Date, holders of the Secured Notes will be issued a pro rata number of common shares of Ridgeback based on the principal amount of Secured Notes held by them and the Secured Notes will be automatically cancelled"
Comment by
reefsandals4eva on Dec 09, 2016 1:23pm
how would you issue common shares if the common shares no longer exist? they never said anywhere they were cancelling the common shares, and I personally think they withheld info deliberately because it's a sitting duck on the otc.