Well, the hearing was cancelled...no kidding....
But, we get to see that the feeding at the trough continues unabated. From the court doc filed yesterday by Quest Turnaround Advisors, you can see that Mr. Schmitz is supposedly working full time and still collecting a neat $90k/month. Sweet.
I'll tell you one thing.....if this turns out like the picture painted by MGTY, then Schmitz earned his keep....but....if it just runs out of gas and liquidates when the money runs out....then it was a scam. We'll know eventually, because the money will run out ($5M doesn't last long with all these pigs snorting in the slop), and Schmitz and the lawyers will leave the carcass like fleas, and jump on to the next dying dog.
But, ya gotta ask yourself: $90k per month!!! For what? There are CEOs of real, complex, active, productive, and profitable companies, with real employees, that earn less than that. Jeez.
from the court doc:
Staffing
December 17, 2010 through January 16, 2011
Quest Employee
Robert A. Schmitz (Full Time)
Fees and Expenses
December 17, 2010 through January 16, 2011:
$90,000.00
