Well, sure. But the point is the equity value th
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Posted On: 08/16/2022 9:50:21 AM
Well, sure. But the point is the equity value that makes it all worthwhile. It is common in Chapter 11 for a company to issue new shares and for prior shares to become worthless.
After restructuring, the company usually issues new stock, making the pre-reorganization stock worthless. In some cases, holders of the old stock are allowed to exchange their securities for a discounted amount of the new stock, which is dictated by the plan of reorganization.
I think what you are talking about is whether value will roll over to shareholders in the new configuration per our prior stake. I think that is where you and I differ. To clarify for everyone just in case, the Chapter 11 we are talking about refers to Solterra.
After restructuring, the company usually issues new stock, making the pre-reorganization stock worthless. In some cases, holders of the old stock are allowed to exchange their securities for a discounted amount of the new stock, which is dictated by the plan of reorganization.
I think what you are talking about is whether value will roll over to shareholders in the new configuration per our prior stake. I think that is where you and I differ. To clarify for everyone just in case, the Chapter 11 we are talking about refers to Solterra.
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