SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : American Presidential Politics and foreign affairs
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TimF who wrote (45011)8/19/2010 7:04:01 PM
From: DuckTapeSunroof  Read Replies (1) of 71588
 
Re: [and they have SLASHED the massive debt load that used to over-hand their operations] "Entirely a function of bankruptcy."

OF COURSE it was a 'function of bankruptcy'!

That is how it is legally accomplished! (Duh!)

Re: "No bailout needed for that point."

However *that* last statement does not follow.

As I have already pointed out they COULD NOT HAVE EMERGED FROM BANKRUPTCY 'REORGANIZATION' nearly as fast (or even at all) *without* the new cash.

Did not have necessary cash to continue operations (according to their auditor and the bankruptcy judge), plants & colaterals would have been seized, LIQUIDATION would have been the only exit from bankruptcy.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News