Posted On: 01/28/2014 12:27:09 PM
Post# of 17862
Hightech, Hollund did not actually buy back shares during the prior share reductions (they had no cash to buy back shares). Instead, in most cases Hollund negotiated a deal with each debt holder to exchange their shares for a percentage of future revenue. The percentage was only a small fraction of a percent, but it apparently satisfied debt holders.
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