InvestorsHub Logo
Followers 8
Posts 835
Boards Moderated 0
Alias Born 09/22/2009

Re: makeamint2 post# 46933

Wednesday, 11/03/2010 2:30:09 PM

Wednesday, November 03, 2010 2:30:09 PM

Post# of 58002
They are, in fact, in Chap 11 proceedings at the moment. Have been for over a year. The only thing missing is the legal petition, and thus are operating a Chap 11 outside the courts.

Read Chris's words carefully, he's "wheeling and dealing" with the creditors. Thats Chap 11 Mint; Management telling creditors they have a PLAN to get out of their financial situation and pay everyone off.

ASFX is just cutting out the middle man, that being, the courts and lawyers.