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Post# of 110991
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wayne49

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wayne49

Re: Joe Stocks post# 82177

Monday, 01/21/2019 8:11:29 AM

Monday, January 21, 2019 8:11:29 AM

Post# of 110991
It's used that way because a liquidation will force the creditors to come to the table with more favorable terms. The original LAMCO which was brought up and shot down by creditors was under the exact terms. Then they got the IRS letters right after to preserve the NOLs.
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