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Re: Regis999 post# 28539

Monday, 09/11/2017 11:06:42 AM

Monday, September 11, 2017 11:06:42 AM

Post# of 30990
Those figures ARE in accordance with GAAP, and they are not only NOT meaningless, they are correct as filed with the Court and proven by supporting documentation. Get the filings from PACER.

You haven't read the SEC filings closely enough. There was a big change in the Company's financial condition between the date of the 10-Q and that 8-K. Namely, the bankruptcy. The bankruptcy caused an immediate and automatic default on their debt, and that resulted in massive financial penalties due immediately. THAT is one reason for the increase in the liabilities. Those clauses are written into the senior debt financing agreements to ensure their rights are secured, and any remaining assets go to them. Read the SEC filings - they are detailed there.

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