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Re: TheNoviceChicago post# 1078

Thursday, 04/16/2009 10:07:39 AM

Thursday, April 16, 2009 10:07:39 AM

Post# of 1266
i know according to the docket filings the unsecured creditors won the battle to be a part of the bidding process.. I consider that good news since anything now a-days is not worth what it really is.. that being the case the secured debt holders will not be able to purchase assets(hopefully kron) for the price they want. The filings said they wanted to have the min bid at 100m.. that cant happen now so I would think come apr 19th when the bidding starts we will see some movement when some assets are sold to relieve some debt load.

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