GK Investment Holdings, LLC Warns Bond Investors | Goodman & Nekvasil P.A. May Recover Investor Losses
GK Investment Holdings, LLC Warns Bond Investors of Possible Default Under Trust Indenture if Agreement to Extend Maturity Date is Not Reached with 90% of Bondholders.
Excerpt from April 28, 2022, letter to investors:
“Pursuant to that certain Offering Memorandum and Consent Solicitation Statement dated March 29, 2022 (the “Original Memorandum”), we offered you the option to exchange your existing 7% bonds due September 30, 2022 (the “Old Bonds”) for new bonds (the “New Bonds”), in an effort to extend the maturity date from September 30, 2022 to September 30, 2025 (the “Exchange Offer”). As previously noted, we need at least 90% of bondholders to agree to participate in the exchange for us to proceed to close the Exchange Offer and issue the New Bonds to participants. If we are unable to generate such participation, then all of the Bonds will mature September 30, 2022 and if the properties have not been sold by that time in order to generate liquidity to redeem the Bonds, then GKIH would be in default under the Trust Indenture. To date, GKIH has not received the 90% bondholder participation required to close the Exchange Offer and issue the New Bonds.”
Goodman and Nekvasil is Investigating Potential Claims Involving FINRA Registered Brokerage Firms who may have Unsuitably Recommended GK Investment Holdings, LLC Bonds.
Brokerage firms who sold GK Investment Holdings, LLC Bonds needed to perform reasonable due diligence into the fund to determine whether it is suitable for any of its investors. The firm needed to perform a customer-specific suitability analysis, such as reviewing the client’s investment objectives, risk tolerance, income, net worth, and investment portfolio, to determine whether the investment was suitable for each client. Due diligence must be performed before recommending the investment to any clients.
If Investors in GK Investment Holdings, LLC have Losses they May Recover those Losses with Goodman & Nekvasil, P.A.
If you invested in GK Investment Holdings, LLC (“GKIH”) 7% Bonds, Goodman & Nekvasil, P.A. may be able to help you. Goodman & Nekvasil, P.A., a St. Petersburg, FL law firm with a national practice representing victimized investors, has recovered more than $250 million dollars on behalf of victimized investors.
All our cases are handled on a purely contingency fee basis by Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA. Kalju Nekvasil, Esq. has practiced in this area of the law for almost 40 years.
There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
If you incurred investment losses in GK Investment Holdings, LLC (“GKIH”) 7% Bonds and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Some of the information in this blog post was obtained on 5/3/22 directly from the SEC without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.