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Prudent Capitalist

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Prudent Capitalist

Re: pilgrim58 post# 3504

Friday, 11/18/2016 11:17:40 AM

Friday, November 18, 2016 11:17:40 AM

Post# of 3534
Agree. And now there is some hope that one of the groups trying to restructure and preserve something for us innocent shareholders will prevail over that pathetic Rat Paul Difrancesco and Mr. Murphy. As I understand it, everything was on track to restructure pursuant to the Sec. 363 Chapter 11 Proceeding, resulting in the Sec. 25 exchange offer that would have shareholders in the original company having an equity stake in the new Co. But the old management, primarily Paul Difrancesco and Murphy, tried to block it by attempting to take the company into Chapter 7 BK. It appears that was rejected by the BK Court in the latest Order.

Our best hope is with G. R. Morris and his group, IMO
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