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Re: moneycrew post# 203466

Monday, 02/14/2022 4:59:14 PM

Monday, February 14, 2022 4:59:14 PM

Post# of 232961
Putting up the surety bond does not avoid Bankruptcy. The company still owes ~$100 mil and this surety bond cash ties up cash required to pay Samsung ($35 mil), ongoing operating expenses (like payroll and legal expenses). Going Chapter 11 allows them to delay the Samsung issues, but still leaves them very tight on cash. Fife has a claim to all non IP assets like CASH and stock until he's covered.
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