Quarterly report pursuant to Section 13 or 15(d)

Equity Structure and Transactions

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Equity Structure and Transactions
9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Equity Structure and Transactions

10.  Equity Structure and Transactions

During September 2016, a special meeting of shareholders of common stock was held and shareholders approved two proposals, which increased the number of authorized common shares to 200,000,000 and provided for the issuance of up to 76,590,000 common shares in conjunction with the Exchange Transaction.  Upon consummation of the Exchange Transaction, 60,435,544 common shares were issued to noteholders who elected to exchange their Unsecured Senior Notes.  

During the nine months ended September 30, 2016 and the full year of 2015, we did not pay any dividends and a suspension of dividends remains in effect.