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Re: everett7 post# 720

Wednesday, 05/21/2014 5:00:17 PM

Wednesday, May 21, 2014 5:00:17 PM

Post# of 804
Yeah, I think the fact that the EC objection was filed under seal says a lot. Whatever it is, the UST obviously thinks it contains evidence that equity has substantial value, and I think the judge will too. That POR is DOA in its current form. No way it gets approved on 5/27 without significant ammendments to settle equity holders.

The alternative will be to put the entire company up for auction, like the judge had "threatened" in one of the earlier hearings, but I wager Bayside will rather settle than let that happen.

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