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Gold Seeker

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Gold Seeker

Re: lakeshore555 post# 17373

Wednesday, 06/12/2013 10:13:14 AM

Wednesday, June 12, 2013 10:13:14 AM

Post# of 30046
I don't think there is any reason why Radient would file bankruptcy. They cannot file a chapter 11 for lack of a lender so the option of the court converting to a chapter 7 will not happen.

However, there is the option of a creditor filing the chapter 7 for Radient in an attempt to get any remaining assets. The result of the class action lawsuit could end up with a chapter 7 to get assets.

One other item. If Mac is obligated to pay money as a result of the lawsuit, he CANNOT escape the obligation by filing personal bankruptcy. Debts due to crimminal acts cannot be discharged via a chapter 7 filing. IMO, Mac will lose his shirt on this one and any money from UNI will go to the lawyers defending Mac.

I have never shorted nor intend to have any financial interest in this stock. I am not connected with anyone who trades, shorts or has financial interests in this stock. I only post facts and my opinions. I do not post on IHUB with different aliases.

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