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Wednesday, May 09, 2012 8:07:13 AM
If BK if declared then that means everything Deltron owns is under BK... they cant pick and choose what is and what is not bankrupt.
Since Elasco is the profitable one, their assets would go first... creditors are paid first and they are paid with the assets of Deltron being sold off.
Deltron can how ever sell either of its companys Blu Vu or Elasco or both... before they would declare BK if that were what they intended to do. Then the proceeds from those sales could pay off the debt. Smart money is on they would sell Blu Vu and its patents to pay off debt and move Elasco forward.
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