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Re: Spuds McKenz66 post# 29335

Thursday, 04/16/2015 7:32:12 AM

Thursday, April 16, 2015 7:32:12 AM

Post# of 29916
It (AXLX) is effectively already insolvent, given no revenues and huge debt servicing costs. Surprised that the 'Investors' TCA who are owned $2million, yes $2million (read the filings) haven't called default on their financial instrument (loan).
Wait, there is nothing for a Administrator to take into Receivership or Liquidate, as there is nothing there - all gone, all acquisitions failed, all deals fallen through - Complete business failure!