Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (35433)	5/7/2009 9:18:36 PM
From: rich evans	1 Recommendation Read Replies (1) \| Respond to of 71588

The manuevering is not political but bankruptcy law. See my other post. Rich

To: TimF who wrote (35433)	5/8/2009 1:11:35 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 71588

Nah... the goal of a chapter 11 is to RESTRUCTURE the business so as to CREATE a VIABLE, ongoing concern. These actions are fully consistent with that goal. And legal. (And 'normal'.) If the filing was for a LIQUIDATION, then there would be no need for any further funding at all... and everything would just be sold as scrap metal for (at best) a few pennies on the Dollar. But, in chapter 11, the OVER-ARCHING GOAL (above all other considerations) if to restructure so that a VIABLE BUSINESS emerges out the other side. some further details: Message 25631192