AI
Monday, April 01, 2019 1:44:16 PM
I'm talking about this, from the 10th monitor's report, which gives the remaining debt and explains the proceeds won't hardly put a dent in it:
And that does not in any way say that any payments for KERP (of which there weren't any because they didn't meet the program requirements) would not be included on the cash flow sheets, that is utterly ridiculous and false. They were justifying having a KERP program to the court, expecting they'd get a bid that would pay the secured creditors in full, with the KERP being paid out of the leftovers. It didn't work out, they got no bids from the SISP.
And that does not in any way say that any payments for KERP (of which there weren't any because they didn't meet the program requirements) would not be included on the cash flow sheets, that is utterly ridiculous and false. They were justifying having a KERP program to the court, expecting they'd get a bid that would pay the secured creditors in full, with the KERP being paid out of the leftovers. It didn't work out, they got no bids from the SISP.
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