$LNET .0502 This is a MONSTER STEAL down here. Did you read this part too?
- The Colony Syndicate will invest $60 million in exchange for all of the new shares of common stock of LodgeNet Interactive;
- . The plan of reorganization envisions that unsecured creditors of LodgeNet will be paid in full for any pre-petition claims at the conclusion of the Chapter 11 process.
It is a RECAPITALIZATION which means instead of bond debt it will be converted to Equity Financing which means lower debt.
So, there is still some hope. That's probably why there is support at .05 because the investment group is buying our shares.
