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Re: 6pack2go post# 1674

Friday, 10/14/2016 1:26:00 PM

Friday, October 14, 2016 1:26:00 PM

Post# of 4800
LMAO, no this is not like some do over in kickball, especially after their management is exposed to shadyness where they can just now pull out, it doesn't work like that.

There will now have to be a Plan of Reorganization put forth and this is why it was so important for the approval of an EC because now they can have a say so in what happens. The debtors cant do what they want, the Judge will have to sign off on any agreement and the EC isn't going to sign off on one unless its to their liking.

A lot of bankruptices are death battles that drag on forever but with oil where is is, liquidation is possible so they get optimum prices, and it could happen sooner than later if they start accepting bids.

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