Well this was the result Bates wanted. We all knew there were no assets that North Vernon can take and that debts exceeded assets. He painted a bleak picture and got exactly what he went to the meeting for. Now it is up to him and this restructure team to figure something out.
Not sure what has really changed other than that North Vernon wont sue and that is at least not a negative.
Things do not look good but nothing has really changed.
Everything I post is my own opinion and people should always do their own research and due diligence on any company they are looking at
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