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Post# of 16651
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azdesertskiesafallin

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azdesertskiesafallin

Re: TARKA post# 16461

Thursday, 02/10/2011 1:57:32 AM

Thursday, February 10, 2011 1:57:32 AM

Post# of 16651
Some are saying that in order for MAG to exit Chap. 11 they must satisfy an administrative claim to the the tune of 40 million. Until that has been paid in full, in cash MAG will basically linger in Post plan approval purgatory. Once this claim is satisfied, the court will assign an effective date for the plan, which will basically be MAGs exit date from BK.
Lately there hasn't been much public information regarding the admin claim or attempts to resolve it.
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