InvestorsHub Logo
Followers 13
Posts 1445
Boards Moderated 0
Alias Born 05/05/2014

Re: ken_r post# 44640

Wednesday, 12/21/2016 8:38:15 AM

Wednesday, December 21, 2016 8:38:15 AM

Post# of 47873
What is the purpose of allowing the equity committee to depose a bunch of people and review the relevant financial documents?

The only purpose of the BK court is to determine how the $117M needs to be distributed and to do it in the most cost effective way possible. That's it... It is extremely rare for an equity committee to get a month to perform an investigation.

You guys keep ignoring that, but it doesn't make it any less true. If PP doesn't have a right to the $80M, then their investors don't have a right to it. The investors don't get special treatment because they TOO were scammed.

Of course, the loans could have been 100% above board, but I doubt it. Three letters make me confident of that.

B...A...M..

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.