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Re: Montanore post# 148

Sunday, 03/21/2010 11:35:08 PM

Sunday, March 21, 2010 11:35:08 PM

Post# of 187
RE: Bob, my take on it is this:
Alberta Star made a bid that was accepted by Sterling and if SRLM
backs out, they owe Alberta a quarter million dollar fee. ?

In chapter 11, a receiver often appointed, to look after the creditors
interest and the interim agreement may have a subject to it?
1/4 million is a small potatoe in the big picture -

Perhaps they want a bidding war....

it would be of NO surprise if some more bidders showing up in the end?

God Bless