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Re: hang ten post# 307

Sunday, 06/07/2009 2:16:09 PM

Sunday, June 07, 2009 2:16:09 PM

Post# of 339
couple more thoughts... GE Cap lent DSUPQ enough under DIP to pay back the other bondholders. That being done, some could be converted to equity or something, GE Cap in turn allows insiders to keep shares??? Speculation (GE Cap was asking for a higher interest rate but Zimmerman still went with them.)

This was a voluntary bk, thus management took this route as part of the plan to force the bondholders to work with them, (there were plenty of amendments before this bk.)

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