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marayatano

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marayatano

Re: frankj post# 5738

Wednesday, 06/19/2013 3:31:12 PM

Wednesday, June 19, 2013 3:31:12 PM

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It is too late in this stage of game for one, especially since the Trustee denied an EC 3 times and the court denied direction for a Trustee to appoint an EC.

The best bet was that last attempt that was heard in court.

Patriot offering new shares and more financing pretty much sums up that Patriot has no equity/liquidity.

I'd say zero chance of EC at this point. Lower tiered bonds and general creditors are in jeopardy.

imo of course.

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