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Re: mick post# 1439

Tuesday, 12/15/2020 1:16:04 PM

Tuesday, December 15, 2020 1:16:04 PM

Post# of 3967
We can read it that way ?!

Simply put, the motion to terminate custodianship is a normal and positive event in the custodianship process--it typically signals the custodian has completed the requisite work of bringing the company current, paying delinquent fees, hopefully resolving old debts--and it means that end of the custodianship process is hopefully around the corner. Once the motion is granted and an order to terminate custodianship takes place, it's often a precursor to the custodian becoming CEO of the company and/or making a deal for a merger/JV/acquisition sooner than later.