Sunday, February 09, 2020 8:23:29 AM
Toss up as many things that were subject to the KERP charge (which was different from paying the bonuses to the employees, it was how the proceeds for it were to be accumulated) as you wish. The simple fact remains that the payment of those bonuses required that the DIP lender and the secured lenders to be paid in full per the judge’s order:
I swear I’ll never use the phrase “you can’t make this stuff up” ever again after being on the OTC. Apparently you can.
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