Pray,
Basically it's sit back and wait again time. It does not appear they are they are wiping out everything including shareholders, and starting over.
The BK is specifically for the US assets, and it also seems like they are only using the BK to get more time to find an even better offer than the $79M. Which in itself covers the FC loan. The additional monies to the attorneys and other small debts. If they get even higher offers, very possible in todays hog environment, then that will be funds going to FEED parent company.
I believe the BK is also to shelter the China assets which acct for apprx $400M of the $500M total assets. If they choose to sell all the assets, most likely at a very nice price, we as shareholders will, at least should get those monies, along with anything left over from US assets.
I'm looking forward to a very nice payday in the coming months.
I might be wrong, but I think we're going to end up pretty good here.
