Page 37 of the 6th report shows the unsealed bids. None of them include any verbiage about shares at all.
Please tell me how this can be taken any other way than what is stated. That is all that was paid for everything.
ARTICLE 3 PURCHASE PRICE AND TAXES
3.1 Purchase Price. The consideration payable by the Purchaser to the Vendors for the Vendors’ rights, title and interests in and to the Purchased Assets shall be $4,340,000 (the “Purchase Price”).
3.2 Satisfaction of Purchase Price. The Purchase Price shall be paid and satisfied as follows:
(1) the deposit in the amount of $334,000 paid in support of the Offer by the Purchaser to the Monitor in trust on behalf of the Vendors (plus any interest accrued thereon further to the receipt by the Monitor) (the “Deposit”) and shall be applied against the Purchase Price on Closing; and
(2) the balance of the Purchase Price, after crediting the Deposit (including interest), shall be paid by the Purchaser to the Monitor on behalf of the Vendors on Closing.
