InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,459.10
(
1.11%
)
US TECH 100
18,514.00
(
1.00%
)
Dow Jones
40,589.34
(
1.64%
)
Brent Oil
79.75
(
0.00%
)
Bitcoin
67,970.30
(
0.25%
)
Post# of 59
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

YngvaiMalmsteve

Send PM Follow Ignore
Followers 10
Posts 300
Boards Moderated 0
Alias Born 05/20/2008

YngvaiMalmsteve

Re: jaxstraw post# 39

Tuesday, 02/07/2012 5:20:21 PM

Tuesday, February 07, 2012 5:20:21 PM

Post# of 59
The Chapter 11 documents state $250 million in debt.

http://www.businessweek.com/news/2011-10-05/cdc-files-for-bankruptcy-with-more-than-250-million-debt.html

The $249 million sale would satisfy all of this, but of course there are still legal and administrative expenses. CDC states $377 million in assets but of course CDCSY is part of those assets. And to my knowledge, the rest of the assets in a bankruptcy proceeding are sold in "fire sales".
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up