I invested in the common stock of rare-earth-metals miner Molycorp (MCP) a couple years ago, and commodity prices and operational costs torpedoed them into Chapter 11 bankruptcy late last year.
It was a risky stock pick and shame on me, but if I can recover a portion of that cash or maintain stock if the company can climb out of bankruptcy, I would like that.
I do not understand the Third Party Release election/voting ballot I received in the mail this week, and I’m not sure how to portray my preference. Anyone in the same boat or able to provide an interpretation?
It says: "If you do not consent to the Third Party Releases, you may elect to opt-out and not grant such releases by checking the box to the right. If you do not return this Election Form or you return this Election Form but do not check the box to the right, you will be bound by the Third Party Releases. Election to withhold consent is at your option."
The options are Box 1) "For (Opt-out of releases)" or Box 2) “Abstain.”
Here is a link with some more background on the case: http://ift.tt/1Tujl8r
Thanks!
Submitted February 21, 2016 at 04:26PM by AvatarUltima7 http://ift.tt/1Oov55T
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