Digital Domain Media Group Inc. (fka DDMGQ)

[jamesnames]

We have AUCTIONS!

Order (A) Approving Procedures for Separate Sale of Assets; (B) Scheduling Auction and Hearing to Consider Approval of Sale and Assumption and Assignment of Certain Executory Contracts and Unexpired Leases; (C) Approving Forms of Notice; and (D) Granting Related Relief

November 28th is auction date.


Bids will be in before then, obviously, and we will likely see news about insiders, current and former, making bids for certain assets.


Document 0480

http://www.kccllc.net/Docket/SearchResults.asp?T=3376



So, not only do we have the court hearing about potentially converting senior lender debt into equity on November 27th, but we have the auctions on the 28th. That gives shorts about three weeks to ease on out and cover, unless they want to risk it.

There very well could be some type of settlement between Palm Beach Capital and the Senior Lenders, where the Palm Beach, as 37 percent shareholders, gets something. If they leave it in the court's hands, the senior lenders risk an adverse decision.

I have read the facts, and know the timeline of events that led to this bankruptcy. It should be interesting.