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Re: None

Friday, 08/13/2010 8:57:30 PM

Friday, August 13, 2010 8:57:30 PM

Post# of 13354
This article states Freedom was sold -asking price was 12 million

"In a newsletter to Freedom Fuels’ 400 stockholders, Dannen wrote, “Since the bank is owed in excess of $20 million, the bank will not be paid in full and therefore there will be no monies left for payment to any of the other levels on the priority ladder.”

Dannen said when the company filed for bankruptcy in November (2009), it owed about $24 million in debt mortgage and secured loans and $8 million to unsecured creditors.

http://www.globegazette.com/news/local/article_51ce6f90-ac48-5a0b-a540-2cd975fcc598.html

http://www.globegazette.com/news/local/article_4fae34d0-9162-11df-9af3-001cc4c002e0.html


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