They were liquidated? Really? Under what approval? If liquidated court would be done and no stay necessary?
Also "company can restructure at any time during stay"
Sooo....if there is a stay of proceedings nothing has been finalized......because if anything was finalized.....a stay of proceedings wouldnt be in place.....:O
But please do correct me
Also bid of 4 mil approved by PWC on a bid from a former PWC member.....Conflict of interest....Visalis...LYC....stall of time for restructuring purposes . ....Debts settled with cash and share restructuring......stay of proceedings granted until all parties happy with cash/share distribution .......only thing that makes sense for a sale worth 4 mill.
And PWC involved meaning less mentioned in monitor reports the better for PWC home run / grand slam
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