Poseidon Concepts Crp (POOSF)

[naturalborninvestor]

Looks like a fire sale of assets is coming in May.

As provided for under the Order, the Financial Advisor will conduct a process to solicit offers for a
transaction involving Poseidon's business, which may include a sale of all of Poseidon's assets, a
reorganization, a recapitalization or a restructuring of its existing loans. The process will commence with
information packages describing Poseidon's assets being distributed to prospective bidders on or about
April 10, 2013. Bids will be due by not later than May 15, 2013 (the "Bid Deadline").