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Re: BMWRider70 post# 11419

Wednesday, 02/05/2020 2:28:58 PM

Wednesday, February 05, 2020 2:28:58 PM

Post# of 11618
Well, the distribution was not a liquidation, for starters. You might mention that to the bank. They essentially sold a business line, and distributed proceeds to their investors. They still have a number of assets and still are "in business".

That said, they have announced plans to liquidate at a future point in time, so there would in theory be a second distribution after they have monetized the remaining assets. That would be the liquidating distribution.

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