Was MEC acting to protect TCA judgment interests(?). TCA action causes do not claim zero revenue, only subsequent MEC reports to Dec 31, 2015. MEC response to the motion for a hearing is apparently unknown. MEC Facebook posts have asked about it.
Then anyone notes that even in real estate, receivers collect rents and make sure the rents keep coming in. If that doesn't happen, then owners can appeal the receivership. In the instant matter, at the hearing, apparently TCA has show a basis of how the previously dismissed lawsuit about assets precludes a value preserving transfer, if it happened; and as a hedge against MEC paying the judgment in full. That would come from the new revenue sources thought likely before, and now shown likely last week. Possibly MEC can be said to have acted to protect the TCA judgment(?), in the face of possible future proceedings. MEC likely had a calendar in mind, which it could not disclose to TCA(?).
