BB Liquidating Inc. (BLIAQ)

[Imperial Whazoo]

Thanx. Sorta thought that was the idea underlying the general thinking that was being blogged about. I needed the accronym defined with certainty.

It also seems to me that the non-reporting status of the company makes it probable that there will be no announcements about things like the fact that the non-appointment of a trustee meaning that they are out of bk. IMHO, the company will operate in the dark for as long as it can, taking advantage of the situation to do all kinds of planning without any PRs or filings until they have absolutely no way of avoiding the spotlight.

So... the only way to detect that there are foundational business shifts happening is by seeing things like the start of Blockbuster online in Denmark, Norway, Sweden, etcetera. By which I mean that we can see certain things happen, such as Denmark/Finland/Sweden.... and we can extrapolate that the Blockbuster brand is beginning to be revived, but we are not going to have these events explained by a PR or a filing and we are only able to guess at what these kinds of events imply about what is happening behind the veil. Correct? Thats my take.

In effect, the eventual appearance of a new business plan, if one happens at all, will catch the markets by surprise. Thats my guess, anyway. And we have no way of predicting the timing, if it is going to happen at all.

Assuming there is a business plan in place that will allow the NOLs to be applied is logical, because there is such a substantial tax advantage to having them. A pretty obvious way to "finance" the re-emergence of the Blockbuster brand, perhaps. That said, the actuality of an actual business emerging via a deliberate business b=plan that is being executed right now.... this will remain something to be guessed at.... correct?

The ability to look down the road towards the future events that are probable or possible (or impossible, for that matter) is largely determined by the particulars of whatever laws apply.... correct?

So, that in mind, does anyone know what legal rules apply to the timing of there being a legal requirement (or not) to announce the emergence from BK? What are the advantages of re-emerging the brand in Europe (and elsewhere) before and/or after formally announcing that they are out of BK? Or can the company continue in the un-public shadows in perpetuity?

Imperial Whazoo