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RE: Bob, my take on it is this:

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NYBob Member Level  Sunday, 03/21/10 11:35:08 PM
Re: Montanore post# 148
Post # of 178 
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



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