Asyst Technologies, Inc. (fka ASYTQ)

[Founder77]

Key Bank has been paid through the 100+ million profit they got from the sales of they're other assets. Which in that "revised" plan Key Bank stopped they're claim and moved forward.

Plan Objections. In response to the Plan Objections by Crossing Automation, Inc. (“Crossing”) and Intel Corporation (“Intel” and, together with Crossing, “Crossing/Intel”), on the one hand, the Debtor and Key Bank, as agent for the pre-petition lenders (“Debtor/Key Bank”), on the other hand, agreed on the record that $254,175.06 shall be paid forthwith by the Debtor to Crossing. Upon such payment, Crossing/Intel on the one hand, and Debtor/Key Bank, on the other,

I found that interesting as well for a company to come and buy another company's assets. Will having a stack in objecting in a POR of Liquidation. Which to me, makes me think that they have more of a relationship then just a business one.

(“Debtor/Key Bank”), on the other hand, agreed on the record that $254,175.06 shall be paid forthwith by the Debtor to Crossing

Now why would you give a company funds to buy your assets? What's going on here? Why did they pay them $254,175.06?