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MightyLion

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MightyLion

Re: art2426 post# 65112

Wednesday, 04/23/2014 3:42:36 PM

Wednesday, April 23, 2014 3:42:36 PM

Post# of 92948
The creditor has a right to claim assets, including IP.. it's pretty clearly stated. BUT, you are correct, $1.2m should not bankrupt ACTC, and that's my point.. it's not a huge sum for ACTC relatively speaking, and if their restated financials are correct, they have the funds, so why did they default?? I just makes no sense.. unless they are considering Chapter 11 reorg of debts... then it makes sense.
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