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finbar99

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finbar99

Re: Stetson_8x post# 8667

Saturday, 07/20/2013 12:54:16 PM

Saturday, July 20, 2013 12:54:16 PM

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>>For the most part. It seems that GBG has sold everything for cheap in order to get rid of their debt. By passing it on to the purchaser to worry about. Leaving them almost debt free, but surely asset free.

GBG sold the assets for what they could get - most of the unpaid debt is still there. Unsecured debt at the sub level that didn't have recourse to the parent dropped away, but the rest didn't.
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