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Re: LouisDesyjr post# 1640

Monday, 08/10/2015 6:57:44 PM

Monday, August 10, 2015 6:57:44 PM

Post# of 1755
hello louis.....i was looking at the 8k....the total unsecured debt was 17196000.00 lets assume that they settle for the full amount in next three months...so lets say that the unsecured debt becomes around 18mil...plus the attorney fees of 4mil...total unsecured creditors obligation will be 22 mil....insurance(d&o) commitment of 25mil...plus left overs from 19mil of sales of the assest- minus dip financing of 7.8mil and attorneys fees of approx 3mil....total left over will be ....after paying unsecured creditors,attorneys etc will be approx 8mil plus 3mil left over from d&o insurance payout will be 11 million to the common stock holders....is that why the institutions are still intact...seems like there is some money left for us commons....what do you think?

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