Great Basin Gold Ltd. (fka GBGLF)

[Coho20]

I have not read the hole document yet but yes they are trying to reverse the sale to Waterton because it does not even cover the administration costs let alone any debts (which is no news to all of us right). Interesting turn of events indeed. So if chapter 11 is dismissed "all agree that best available option for all parties in interest is an expeditious exit from bankruptcy protection." as is chapter 7 for the same reason given above what is left? It is hard to read between the lines here but the only one that seems to get hurt here is Waterton (they lose their honey of a deal). How does this affect GBG and Hollister...don't know for sure I will try to read the rest of the Motion to Dismiss tonight.