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 (44959)	8/19/2010 11:00:42 AM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 71588

Re: [No way in Hell they had enough capital left to avoid liquidation] "With the debt pushed off and likely canceled by the bankruptcy their capital needs would be much lower." A bankruptcy proceeding without the massive injection of tens of Billions in NEW CAPITAL by a 'Debtor in Possession' to speed the way out would have taken a much slower course, running to one year or even much longer. No financial analyst that I am aware of anywhere ever thought differently on this. They broke speed records with the bankruptcy reorganization (for a deal of this massive size) after D.I.P. status was granted by the Court. (So, yes, it is a 'forgone conclusion' that they likely would have dwindled away with rapidly depreciating assets, stalled production, loss of dealers, etc, into bankruptcy liquidation.)