linda,
you are correct and i misstated that as being part of the apa.
the section/paragraph labeled "Y" (i) through (iv) discussed is from the draft order asking the judge to make a finding and determination about various things including the "Y" issues discussed.
pages 18 and 19 of that draft order correspond to pages 279-280 of docket 1730 which contains the apa, various assignments/assumptions, poa, draft order approving the apa (among other things).
if the judge approves the draft order on the 4th, then a number of things will still need to be done.
will he approve waiving the "waiting period" and let esl get on with it? if he does, to me that means that shc will carry on as long as it takes to wrap up the bankruptcy issues not resolved by the esl bid. if shc carries on, it will most certainly be in shc's name which supports my feeling there will be a name change for whatever concern esl takes forward.
the por has to be submitted and approved.
if there is a name change and the common stockholders survive, then there will be a new stock issued for "newco" at which time, if the current common stock survives, an exchange will occur.
the new stock would trade on a "when issued" basis
a lot of moving parts ahead, the "q" will not disappear on the 4th if the judge approves esl's bid.
thanks for that correction
