There will NOT be any sale, unless they cannot make an agreeable POR(Plan of Reorganization) that both the court and Crystal Financing will be satisfied with and meet the requirements of the POR. Even if they cannot meet the requirements there still may be no sale if ARO, Crystal, and the court issue another amendment down the road.
I didn't spend the time to determine what changes were made from the previous agreement (amendment 3) and this forth one. It all seems to be what would happen if ARO doesn't recover, I believe they will cover and make some great profits. There will only be a sale if they can't make their payments, sort of like a minimal payment on a credit card. Aeropostale is worth more to Crystal if they succeed, and the common stock is worth more to Aero if they don't cancel it. This is why it has never even been mentioned other than a docket specifying a committee for it.
The reason the POR is taking so long is because ARO, Crystal, and Stockholders know that a good POR will be profit for everyone.
Patience, Anxiety, Frustration, Worrying, Reading, Guessing, Understanding, and Luck, it's all part of this investing game!
