GREY:LSTMF - Post by User
Comment by
Pancho2on Apr 17, 2018 11:47am
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Post# 27897731
RE:RE:RE:RE:RE:RE:RE:Recapitalization question for Pancho2
RE:RE:RE:RE:RE:RE:RE:Recapitalization question for Pancho2Remember what was sold to the New Company as per Credit Bid was
not the old Shares, but the Debt
" In accordance with the terms of the Support Agreement, the members of the Ad Hoc Committee submitted a credit bid (the “Secured Credit Bid”) for the full amount of the claims outstanding in respect of the Secured Notes and debt in priority to the Secured Notes"
The Old Shares were transferred to the New Company