Great Basin Gold Ltd. (fka GBGLF)

[finbar99]

>>Does this cancel the Waterton deal? What happens to the 15 million?

Did anybody bother to read the document? Dismissal, if granted, wouldn't reverse what has transpired during the pendancy of the Chapter 11 - they are simply saying we've liquidated the assets and there is not enough money in the pot to justify the continued ongoing administrative expenses of being in Chapter 11 - it's quite expensive. Since the secured creditors gets everything that is there - basically what is left of the 15 mm in cash plus the NPI, there is no need for the court to supervise the division of assets (cash and NPI) between the various classes of creditors.