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Re: David i INVEST post# 47001

Thursday, 08/09/2012 1:09:34 PM

Thursday, August 09, 2012 1:09:34 PM

Post# of 47856
David, your facts are misleading.

Diante has already bankrupted one company claiming to own a library worth hundreds of millions

Read this because this is another explanation of going into administration:
As a legal concept, administration is a procedure under the insolvency laws of a number of common law jurisdictions. It functions as a rescue mechanism for insolvent entities and allows them to carry on running their business. The process – an alternative to liquidation – is often known as going into administration. A company in administration is operated by the administrator (as interim chief executive) on behalf of the creditors as a going concern while options are sought short of liquidation. These options include recapitalizing the business, selling the business to new owners, or demerging it into elements that can be sold and closing the remainder.
The administrator is an officer of the court and an agent of the company, and is not personally liable for any contracts she or he makes on behalf of the company. He has the power to do anything necessary or expedient for the management of the affairs, business and property of the company. Take notice to the years or chronology of Denny Diante, but especially Pipeline Music: Excerpt -- 1996-2010 Pipeline Music Inc.
http://www.dennydiante.com/denny_diante_chronology.html
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