Bankrupt and Distressed (BAD) Research and Due Diligence

[Iggles2009]

Appears the special purpose counsel, Duncan, (Roger)Linn, & Wade, was busy in April 2010 working on behalf of Firstgold. Any insight anyone has regarding "use of 1145 under the bankruptcy code" is appreciated.

Docket#140, Exhibit A outlines, among other entries, the following (note: Scott Dockter is CEO of Dura Rock):

4/15/2010 - Telecom with Terry lynch regarding possible reorganization partners

4/20/2010 (just after the hearing in transcript docket #125) - Telecom with Chris Nichols regarding results of BK hearing; telecom with Terry Lynch and Scott Dockter regarding remaining reorg plan for Firstgold; research use of 1145 under bankruptcy code to issue freely tradble Firstgold stock

4/29/2010- Telecom with Terry Lynch and Scott Dockter discussing possible exchange of stock transaction between DuraRock and Firstgold; telecom with Firstgold accountant Randy Renfro regarding possible use of carryforwards in Firstgold; research possible securities transactions between Firstgold and DuraRock