GREY:LSTMF - Post by User
Comment by
Pancho2on Jan 26, 2017 5:38pm
154 Views
Post# 25761067
RE:RE:RE:confused about the 88 to 1 split
RE:RE:RE:confused about the 88 to 1 splitFrom the article posted on Dec 8, 2016, that you quoted
"Ridgeback is a new private company established for the purposes of completing a credit bid for the assets and business of Lightstream on behalf of holders of the Secured Notes.
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"
-------------------------------------------------------------------------------------------------------
The article states that the Ad Hoc Committee (Secured Notes) will receive shares in the New Company based on the Secured Notes held by them. Who then will receive the rest of shares?