I'm a lawyer, but huge publicly owned BKs such as Exide's are over my head. A very specialized field. Here, too, environmental problems played a big role.
Complexity is no problem for the average "player" who just goes with his gut or chart and somehow figures he's likely to win. And when his investment becomes an "fka," he concludes that assets were hidden by sinister forces he alone is aware of.
GL
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Because the Good Life is Just a Pump or Two Away