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Re: Ecomike post# 5666

Friday, 11/18/2011 6:51:05 PM

Friday, November 18, 2011 6:51:05 PM

Post# of 5964
Mike, they are selling assets to repay DOE, although they've agreed to a haircut if necessary...this was a bit confusing and rushed, so I'd like to see the documents being submitted to be certain...but then since there are no other creditors of any size, depending upon sales price, we should be OK...

As background....we had three changes to the schedule today. First was moving from 2 to 1:30. Then, we got there and the attorneys asked for a recess until 4 (later changed to 4:30). Out we all marched, only to come back at 4:30 and have the attorneys ask for another recess for 20 mins. By the time we got back, everyone was anxious to get out quickly, and the attorneys promised to have the clean doc to the court by 7PM, so what we heard in the last portion was a very quick rundown of the new agreement. By the time you read this, the court and all the parties might already have it in their hands...

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