Seeing that the management part of onav (Omega Management Inc) is not under chapter 11 I think it is interesting to note that didn't onav sell its 80% interest in OD Investments for about 32 million dollars? This cash might be used in the restructuring but if it isnt doesnt this just add value to the Omega Managment thus Omega's shareholders? 32 million in cash is $2/share of value here.
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