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NY73

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NY73

Re: OTC BB King post# 348

Sunday, 12/06/2009 1:26:00 PM

Sunday, December 06, 2009 1:26:00 PM

Post# of 4759
That's correct. Samara tried, but failed because he couldn't come up with the $. The company is still intact. Malone now owns the debt claim for $100M in Chapter 11 proceedings, for which he paid an undisclosed amount to each of those creditors. I like the NOL theory...to keep the company intact to preserve that loss for future use. That makes sense.
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