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Re: YngvaiMalmsteve post# 36

Tuesday, 02/07/2012 4:46:10 PM

Tuesday, February 07, 2012 4:46:10 PM

Post# of 59
No way to tell without getting into the court docs and Claims Register.
Even then the Company are disputing certain claims.
And from what I have gathered so far, even this SPA sale is a stalking horse sale.

Pursuant to the SPA, the Company has selected the Buyer as a “stalking horse” bidder.
The purchase and sale of the shares are subject to solicitation of higher and otherwise better offers pursuant to bidding procedures approved by,
and an auction and sale process to be conducted under the supervision of,
the Court pursuant to Section 363 of the Bankruptcy Code (the “Sale Order”).
A hearing on the bidding procedures and the auction and sale process has been set for February 16, 2012, by the Court.


Since I just came across this today I haven't even looked at the bulk of info yet..




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