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Re: trade4others post# 939

Friday, 08/26/2016 7:43:34 PM

Friday, August 26, 2016 7:43:34 PM

Post# of 1843
Maybe it goes on until either:

A) who ever is keeping/paying the chapter 11 fight to go on. Decides to quit funding the enterprise
B) Unpaid creditors agree to release all liens and holding

I wouldn't release a plan of reorganization if I could not get creditors to drop their filings. Creditors are not going to drop their claims until they have to or not worth it. If I were to inject fresh capital into a shell company to start again in order to catch the next oil boom wave down the road (years). I would not want to start it negative, no matter how easy the shell company is used as a vehicle.