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Oxonius

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Oxonius

Re: STOCK_MOMO post# 172

Thursday, 03/11/2010 3:05:53 PM

Thursday, March 11, 2010 3:05:53 PM

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From the Court bankruptcy plan document, it appears that there is $5,146,000 in cash and another $580,000 in receivables. The "available" cash, after paying the liquidation expenses, admin reserve and unimpaired claims is $4,460,000. There could be an additional $280,000 in assets from Taiwan.

I have not studied the whole document, but it appears that the Plan will be up for approval & confirmation at the end of April.
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