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Re: jhdf51 post# 693143

Friday, 08/05/2022 11:03:00 AM

Friday, August 05, 2022 11:03:00 AM

Post# of 730594
in a chapter 11 bk, the corporation cannot hide assets in order to escape paying off legal claims....they did disclose the sum of their assets, but only filed the amount that was needed to pay creditors IN FULL FOR THEIR CLAIMS.....they did not hide assets from shareholders, they gave them 200 million shares in the new company, 75 million in cash, and a line of credit for 120 million for startup of a new company...so my point?...there is no fraud behind the papers that were redacted...those documents are proprietary company data on MBS, names, amounts of loans, etc....furthermore, the Judge would not become partner to fraud in her courtroom, as she would be liable for prosecution if this were revealed...so, ask this question..... why didn't lawyers for equity representation question these redacted documents?..... MiKe Willingham went on record as saying the results of the mediation were proper and provided a satisfactory return for old shareholders...Mike , nor Sussman did not press the judge about those redacted papers, now why are you saying they are fraudulently hiding assets?... Lodas
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