TTZ,
Sir, could you kindly help me with the math? Could you add up the proceeds from all the sales, and then apply them to the liabilities in total, so us folks who aren't following closely could analyse the situation?
As for all the EC speak, requests to the trustee for EC formations are private, and there is no duty to make those requests public, so whether or not no requests were made or 20 requests were made, we may never know.
What I can assure you of is that when CC's and EC's start competing for distributions, they will blow through $5 million dollars in legal fees before you can eat a bag of microwave popcorn and fart twice.
Be careful what you ask for. This is a 'damned if you do, damned if you don't' crapshoot at best. In the real world your logic may have some merit, but this is BK world, and it can be the farthest from 'real' as you can imagine.
