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Post# of 153985
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TenKay

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TenKay

Re: Koan post# 68074

Sunday, 04/14/2019 6:52:41 PM

Sunday, April 14, 2019 6:52:41 PM

Post# of 153985
(A) is what happened, (B) is a fantasy.

Look, I am sure the secured creditors would loved to have gotten more..a lot more.

But at the end of the day it was the best they could get which was better than nothing. If the plant was so valuable they could have laid claim to it themselves instead of the $4.3 million...but they didn’t.

Comerica isn’t the first “lender” to end up with pennies on the dollar as a result of a bankruptcy liquidation...and they won’t be the last.

"Harsh reality is always better than false hope"

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