InvestorsHub Logo
Followers 5
Posts 688
Boards Moderated 0
Alias Born 05/09/2011

Re: General Grievous post# 21737

Saturday, 06/23/2018 4:36:02 PM

Saturday, June 23, 2018 4:36:02 PM

Post# of 21990
Because of adversary proceeding (17-50659). Old management incurred some unsecured expenses such as attorney fees among other things that if left unpaid could tarnish the Soupman Inc name and new management is simply letting them convert the old chapter 11 case to old Management's chapter 7 case to ensure that they don't skip out on their debts and leave new management to pay their bills. Sure, that prolongs the existence of the q but the insurance of the court overseeing that those bills actually get resolved and can't come back on them later is well worth the wait.
Join InvestorsHub

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.