No question this Chapter 11 was a way to fast track everything, the question is can it be slowed down or stopped. I like your plan to exit Chapter 11, not pay Platinum anymore money, and let Platinum's criminal case play out, allowing the company to function successfully without the burden of the payments on the debt. There is no way their criminal case will be resolved quickly and it is hard to say how much the judge will allow any allegations about Platinum in. I know we all feel they are guilty but I can see the BK judge saying it has not been proven in a court of law, and the question is how far is he going to allow these things to be proven in BK court. That is why exiting Chapter 11 and not paying Platinum anymore money seems like a better plan. But then the question is who can we get to make that happen. The Trustee seems to think he has done his job by allowing the shareholder committee to be formed. Management clearly wants this sale to go through so they are not going to be of any help. Again I like your plan I am just unsure who there is that would be willing to help, as it is definitely not the company management as they want this sale to happen so they can get their jobs with L3.
