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Netsurfer

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Netsurfer

Re: empiricalONE post# 28952

Wednesday, 05/13/2015 8:10:40 AM

Wednesday, May 13, 2015 8:10:40 AM

Post# of 41703
Just a couple of random thoughts. If the assets were "hard assets" that the court has authorized GT to dispose of and the company had a valid claim I suppose they could take those assets in lieu of cash. The internal accounting would get a bit convoluted as there would need to be footprints showing a decrease in assets and a corresponding decrease in liabilities. The big question would be if the asset value was close to the claim or was there some "favoritism" being shown.

I do not believe that GT could give them treasury stock while in BK and without court approval. Does this sound right?
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