BED BATH & BEYOND Forum: Community User: Storm300018

On the effective date of the Plan, all of these shares will be canceled, released, and extinguished and will be of no further force or effect pursuant to the Plan. The Company anticipates that the Plan will become effective on or about September 30, 2023. Ist der effective date überhaupt schon??? Ist der Plan also schon irreversibel durch?

On the effective date of the Plan, all of these shares will be canceled, released, and extinguished and will be of no further force or effect pursuant to the Plan. The Company anticipates that the Plan will become effective on or about September 30, 2023. Ist der effective date überhaupt schon??? Ist der Plan also schon irreversibel durch?

Da ihr so auf chatgpt zu stehen scheint: Deleting Shares: Deleting shares is not a common term in the world of finance or corporate ownership. It's possible that you're referring to some specific context or action that uses the term "deleting," but it's not a standard practice in stock markets or corporate governance. The chapter 11 plan states shares are cancelled because not sufficient assets left for shareholders. What does shares are cancelled mean? When a Chapter 11 bankruptcy plan states that shares are cancelled due to insufficient assets for shareholders, it means that the existing shares of the company are effectively rendered worthless and are eliminated. Here's what "shares are cancelled" typically means in the context of a Chapter 11 bankruptcy: Shareholder Loss: Shareholders are informed that their ownership interests in the company no longer hold any value. In essence, their shares are declared null and void, and they lose their status as shareholders of the bankrupt company. No Compensation: Since there are insufficient assets to cover the company's debts and obligations, shareholders are not expected to receive any compensation or distribution from the bankruptcy proceedings. The cancellation of shares signifies that shareholders will not participate in any recovery or distribution of remaining assets. Simplification of the Capital Structure: Canceling shares is a common step in the bankruptcy process to simplify the company's capital structure. It removes any claims shareholders might have had in the bankruptcy estate, allowing the bankruptcy court and administrators to focus on distributing available assets to creditors. In summary, when a Chapter 11 bankruptcy plan states that shares are cancelled due to a lack of assets for shareholders, it means that shareholders lose their ownership rights, receive no compensation, and the company's shares cease to exist as tradable securities. This is a common outcome when a company's financial situation is dire, and there are not enough assets to satisfy creditors' claims, let alone compensate shareholders. Shareholders are often left with no value for their investment in such cases.

Was willst du? Ich wollte nur wissen ob zufällig mal einer bei seinem Broker mal nachgefragt, was der dazu meint. Das war eine ernstgemeinte Frage. Nein. Ich habe nicht angefragt. Aber vielleicht hat das jemand getan. Anscheinend aber wohl nicht

Hast du jetzt mal nachgefragt oder wirst du es demnächst machen?