(Total Views: 448)
Posted On: 09/20/2022 5:14:53 PM
Post# of 22465
Quote:
I think the story is pretty consistent.
Yes, you were consistently wrong.
Quote:
QMC owns Solterra, it is not a stockholder of Solterra.
Absolutely, undeniably wrong as I proved with the page from the bankruptcy filing.
Quote:
The point you miss is that Solterra has no ownership or claim to that stock.
Solterra gave up all rights to that stock when they sold them to Hague for Hague stock.
Quote:
Please tell the class how much Solterra stock, Solterra still owns that is in danger in a Chapter 11 action..
Wrong - both posts expose a fundamental misunderstanding of bankruptcy. A court could take the authorized but unissued shares from Solterra and give them to a lender in satisfaction of the debt, a court can void issued shares, a court can do pretty much anything it wants to the equity when restructuring the company. That's why a it's call a restructuring as you've pointed out many times. If the debt exceeds the assets, the court could wipe away QMC's ownership completely.
(0)
(0)
