Also on April 18, 2013, the Bankruptcy Court entered an order approving of the process and procedures for (i) a transaction for the sale of substantially all of our assets outside the ordinary course of business pursuant to Sections 363 and 365 of the Bankruptcy Code, and/or (ii) a transaction for the funding of an alternative plan of reorganization under the 2013 Plan, which, at a minimum, shall provide for (a) payment in full of the Prepetition and Postpetition Secured Claims (inclusive of all fees, costs, interest and other amounts owed to the Senior Secured Lenders) of the Senior Secured Lenders and (b) higher or better treatment than that proposed in the Plan for the Holders of other claims against, and equity interests in, us.
Does anyone know what "higher or better treatment" means for existing stockholders?
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.