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Re: Neverending post# 20372

Wednesday, 10/15/2014 11:10:50 AM

Wednesday, October 15, 2014 11:10:50 AM

Post# of 23274
Essentially the BK hearing yesterday was about what would have to be on the joint plan disclosure statement so that those creditors voting on the joint plan would be fully informed. Moore's lawyers basically forced TPL to disclose the PTSC July agreement and its yet unfulfilled parts like a list of licensees for the new licensing entity just named so that those voting on the joint plan know that if that July deals terms are not fulfilled then MMP licensing revenue will be limited and their ability to get their money back from TPL would be effected. The joint plan and Moore's plan will both be heard on the 12 of November in Johnson's bankruptcy court.
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