seb..the press release says that they already have the votes..the mailing and return of ballots will just be like a formality...its like the polls say Trump will win tonight by double digits..so yes theres doubt...but the votes are already there
obviously youve never been there...its one of the most naturally beautiful places on earth...
the press release made it crystal clear (unless the reporter was misled) that 100 PERCENT of the newly restructured company WILL GO TO THE SECUREDLENDERS..ITS OVER FOR US
this is what i thought..I was under the assumption (albeit incorrectly) that if we didnt vote for the deal, then we could force a FULL CHAPTER 11, where the biz would be auctioned off...i guess i was wrong UNLESS the press release is wrong, but is specifically stated that the secured holders would get 100% of the newly reorganized company,,,and that the subs would get 10% warrants..the tiny thought that makes me a wee bit suspicious that this release may be wrong and that there is still a chance that we could get even 1% warrants would be that DXMM still hasnt filed anything with the SEC..thats when they have to put there money where their mouth is, and why in godsname did they issue these releases during trading hrs///but its looking moreand more like seanoise was right..we will get totally wiped out
I just read the plan...100% of the equity in the newly reorganized co. will go to securedbonds, with option to purchase warrants up to10% of the new co. going to the subs..the shares get nada..again sea..my apologies
what is bozo care bald fart?
u are no better than blake and news who most assuredly are your alteregos..AGAIN at the risk of sounding like a broken record...a major partial debt for equity swap..which was just announced and which i predicted for months now just happened..and what will be announced but yet hasnt..is that our shares will get 1-2% of the new company...and those shares will trade to 50 cents...who cares about the shares having little value after a major dilution..we both agree on that..i am down 15 grand and will be down the same if we go to 50 cents or a dollar...that was never a point of contention with u...but the prediction of which i have been both adamant and very consistent HAS BEEN a dispute between us for months now..but the reassuring things is i will be proven right when we all get the proxies.and u will be wrong..so dont confuse the issue..i could actually get deeply into the issue of why the lenders wouldnt want to be forced into a chap 11, FULL THROATED as we, the shareholders, have a right to do that(YES WE DO) ..the issues revolve around limitations on the lenders using their debt to CREDIT BID at the auction which would be required..this is a very highly intellectually challenging analysis which even if i explained it to u, u would not understand it..so in short LET ME MAKE IT PERFECTLY CLEAR.,..The proof that I am right will be in the proxy that will arrive in your mailbox
and one more thing....if more than 1 billion is wiped off the books, such that the company has to only pay 4% OF THE NEW BONDS AT PAR OF 1 BILLION, AND THEY MAKE 300 million in free cash flow, the value of the new shares will rise to like a multiple of 6 times that or about 1800 million..1% of that would be about 18 million divided by about 18 million OLD shares..which is about a buck for our shares...go back and read my posts..i predicted this continuously..when we all get the proxies in the mail to cast our votes...seanoise will finally realize he knows absolutely nothing about BK law...the proof will be in the proxy seanoise..no need to convice u that you are wrong,.the proof will be in the proxy