Monthly Operating Report (12/2018)
Cash and Cash Equivalents were $77.562 million.
Total Assets were $72.742 million including a $6 million contra account for Investments in Subsidiaries. This would indicate negative equity in those subs. However, the account shares a footnote with Pre-Petition Liabilities - Unsecured Debt.
Net Income in December was $507,902.
Non-Operating Income was $812,915 made up of Other Non-Operating Income from the ADCO Trust Parties Settlement related to Thornburg Mortgage Securities Trust 2007-3 claims.
"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International