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Voices of Reason

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Voices of Reason

Re: Chocolate Al post# 20862

Tuesday, 12/09/2014 10:00:43 AM

Tuesday, December 09, 2014 10:00:43 AM

Post# of 74964
Why bother with a formal bankruptcy? That path assumes they would want to be protected from their creditors and in the hopes of salvaging the business ...easier/cheaper just to continue liquidation of shares and let it die on the vine.

The problem they have now created is that even at a lucrative conversion price, defaulting all together on existing deals will dry up the lenders appetite for taking the bait for new loans.

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