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Post by viprgtsr on Mar 28, 2015 6:41:37 GMT -7
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Post by cher on Mar 28, 2015 7:54:58 GMT -7
www.stockhouse.com/news/press-releases/2015/03/27/gasfrac-announces-court-approval-of-agreement-for-purchase-of-operating-assets"However, it is anticipated that the holders of common shares of the Corporation will not receive any distribution as a result of the completion of the Asset Sale Transaction or under the Plan." I understand that we get nothing out of the Asset Sale, but what about the Purchase Sale and Plan? Same article as above: "Additional terms of the Purchase Transaction and Plan will be disclosed as the Purchase Transaction and Plan progresses and the Purchase Transaction and Plan is completed. The Purchase Transaction is expected to be completed prior to the end of March, 2015 and the Plan is anticipated to be completed in June, 2015" |
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Post by chip6a on Mar 28, 2015 9:00:20 GMT -7
To me it says common shareholders will get nothing as part of the PLAN paragraph 5 unless I am reading it wrong and I hope I am. It also says third party will keep GasFrac operational
I don't understand this hold thing and I don't think we will totally know until the said dates. We are all still grasping at straws for now.
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Post by cher on Mar 28, 2015 11:32:57 GMT -7
I must have been "grasping" Completely missed that last sentence in paragraph 5. I think that just about says it all. Finally, a mention of our position. So sad.
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Post by glasairx on Mar 31, 2015 10:45:47 GMT -7
typically in any chapter 11, common shareholders very rarly receive anything. when the new shares are issued, if the company continues to operate, then we can buy some. but we at least you can write off this against your taxes this year
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