InvestorsHub Logo
Followers 5
Posts 1269
Boards Moderated 0
Alias Born 03/23/2010

Re: KFC44 post# 23673

Thursday, 11/11/2010 5:48:37 PM

Thursday, November 11, 2010 5:48:37 PM

Post# of 24889
Question was to Mr.Zelin....

Q. And given the amount of the timber land holdings, it’s your testimony today that those were not significant as for the value of the debtors?

A. Well, what we cut goes and gets run through the debtors’ wood products division and that’s draws from the acreage that we own. So there’s value attributable to the timber lands that’s feed stock for our wood products operation. So there is value of those rights embedded but in the wood products division. In terms of the actual timber lands that might not feed into because they’re not being cut or might be excess, I don’t recall what the value is.

'Courts of bankruptcy are essentially courts of equity, and their proceedings inherently are proceedings in equity.'

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.