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Re: pokestake post# 55182

Friday, 12/01/2006 3:26:59 PM

Friday, December 01, 2006 3:26:59 PM

Post# of 157299
pokestake -- I realize that BUT

please read the following which I just posted to cpmac. pokestake, I just added your name to the questions I asked. Any response would be appreciated. As you can see I am trying to determine, as much as possible, if there was any validity, according to German BK law, to the filing by K Bonn.


cpmac -- Here is what you posted:

"Translation
Az.: 13 IN 705/06 In the insolvency opening procedure over the fortune of the Globetel Wireless Europe GmbH, belt route 30, 74906 bath Rappenau, vertr. D.: Sigwald leather, (managing director) were waived to 03.11.2006 arranged safeguards by resolution of 30.11.2006. District court Heilbronn"

cpmac/(pokestake), what is your take on where it says:

"arranged safeguards by resolution of 30.11.2006"

cpmac/(pokestake), I do not get from that that there were no grounds for the filing, do you?

I read that as GTEM having done something specific ("arranged safeguards"/assured assets) in response to problems (lack of funding -- more liabilities relative to available assets on hand) listed in the filing.

cpmac/(pokestake), can you read it that way or do you derive something else from it?

Thanks




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