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LouisDesyjr

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LouisDesyjr

Re: Levronefullblown post# 1557

Friday, 06/26/2015 2:30:13 PM

Friday, June 26, 2015 2:30:13 PM

Post# of 1755
Time for auction

I think the problem is that with the extended deadlines filed for the auction can't happen any earlier. I think the company made a big mistake asking for so much extra time since now the court may hold the company to that extra time and not allow a sale prior to that. In order to shorten the time period, the company has to ask for permission, plus there are delays while other classes have to be given an opportunity to object.

The other problem is that the company is burning through its equity every month.

Louis J. Desy Jr.
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