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Re: jimmy051357 post# 48754

Tuesday, 10/03/2017 1:47:13 PM

Tuesday, October 03, 2017 1:47:13 PM

Post# of 58427
$DNAX I agree with you 100 % on chapter 11 and chapter 7.I just wounder if the court will allow him to do a chapter 11,where as we have no business,no income and no prospect of income to come.Hes not even sure what kind of business he will get into.chapter 11 gives you time to hold off creditors while you reorganize.but we have nothing to reorganize.Most of the money owed I think is between the ceo and mel and who ever else they have involved,maybe a few vendors.As far as shareholders go I think there fine for now under chapter 11 but screwed if we go chapter 7.I dont have a clue what will happen,but I cant see a Judge except a chapter 11,enless ceo gives him a big dream story,then it will depend on the judge.but even chapter 11 doesnt get rid of all debt,maybe just pay so much on a dollar owed.but we have no money to pay any thing and no income,just my thoughts