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Re: BayTrader280 post# 27174

Friday, 09/02/2016 11:09:33 AM

Friday, September 02, 2016 11:09:33 AM

Post# of 36208
Your post #27174: I originally thought this would go CH 7 but after reading all the PSA's this is going to sit out there under CH 11 for years. Almost all of the Purchase and Sale Agreements contain little "bonus" amounts to SUNE 1, 2 and 3 years down the road once a completed project hits certain minimum performance targets. This will require the Bankruptcy Trustee to stay around for years and collect any cash to distribute to unsecured creditors. Unless, of course, the rights to the bonuses are also sold off.
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