Post by
mrmomo on Oct 04, 2023 10:37am
Rumors on the street.....
Are that now that the "consolidation" & OTHER resolutions have been approved & passed by the majority of s/h, the company will be forging ahead with a "rumored" share consolidation of 15 to 1 AND converting almost 50% of their incumbering & toxic debtload. For those that DONT KNOW what this entails, this pretty much means that "EXISTING" s/h will be more or less totally WIPED OUT after both measures are completed. Which also means that as existing s/h are wiped, the current debtholders will be the NEW equity sharesholders of the restructured company..........
Gives a WHOLE new meaning to that old phrase........Sometihng OLD, Something NEW, Something borrowed AND current s/h are blue & F..........LOL
GLTA
Comment by
Picker77 on Oct 04, 2023 2:06pm
Why are you on our board?