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trader59

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Re: Salvatore Esposito post# 137837

Friday, 11/17/2023 8:33:04 PM

Friday, November 17, 2023 8:33:04 PM

Post# of 145002
"Investor money" was gone as soon as there were no bids in the SISP and it moved into liquidation. There was no way investors were seeing a recovery, considering the creditors, administrative costs, and other liabilities would have to be paid first. PWC coordinated a bidding process amongst 80 or so prospective bidders and took the best bid with the approval of those creditors and the 2 federal courts, and they did it right out in front of everyone. The only other bidder that bitched about it at all had offered $3.5M with a potential $1M more.

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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