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Re: protagonist12 post# 19047

Saturday, 04/23/2016 2:27:50 AM

Saturday, April 23, 2016 2:27:50 AM

Post# of 36208
I checked the Chap 11 filing and while they used Sep 30, 2015 numbers in Exhibit A, the net is about the same as you just described for Dec 31. Not a show stopper, but they better be stepping up the revenues and getting nice and profitable fast. The company did ask the court today for more time to give updated financials - they need to show some improvement. Goodwill, such as intellectual property value, may be difficult to value - explained here http://www.abi.org/abi-journal/identifying-valuable-intellectual-property-in-bankruptcy-part-ii - so it not like the $2 billion is down the drain, but value assigned to goodwill and intangibles needs to pass the judge's sniff test.

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