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trader59

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Re: Koan post# 137846

Friday, 11/17/2023 9:27:28 PM

Friday, November 17, 2023 9:27:28 PM

Post# of 145002
They also had the opportunity to object to the sale of the assets, but they didn't. Unlike the equity holders, they understand the bankruptcy process, and when a bidding process for the assets that solicited 80 or so companies ends with only 2 low bids for all of the assets, they knew that was all they were getting. Taking possession of their collateral would have ultimately cost them more money.

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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