Or the ANGELS could have added the money to pay off the dissenters to the amount already conditionally pledged to CDEX. If they discerned the BK as so undesirable that it would be worth the money.
NAW. it is as plain as chocolate pudding that all parties, not just the dissenters wanted the CHAP 11 BK.
JB wanted it, the BOD voted for it, the court approved it. END OF STORY.
What the ordinary/PP shareholders wanted was not relevant and was immaterial. They did not organize a group to file an objection.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.