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November61

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November61

Re: jjames post# 4579

Sunday, 02/05/2012 11:19:57 PM

Sunday, February 05, 2012 11:19:57 PM

Post# of 4643
According to chap 7 documents filled, they have 240 millions dollars in assets.

What is interesting, imo, is that their latest failure to do business was because of a lack financing ( 50 millions ) with their partner in China for the construction of a plant.

They were not able to get a loan from the banks even with 240 millions in assets.
So what kind of bozos were running EVEI?

Now they are gone, the trustee is in charge and we might see a buyer with more credentials stepping in and getting a good discount on the assets.
Who knows?

Time will tell.

GLTY
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