AgFeed Industries Inc. (fka FEEDQ)

[brazil_83]

Wall_Street wrote:

"But they want someone to pony up significant funds (out of your own personal pockets) to file some trivial objections that will be addressed by the CC most likely."

I agree - if the creditors are due $95M, and the bid for US assets $79M, the creditors are already motivated to make sure the bid is increased - so was unsure why we need to file something today.


"Unless the auction results in over 100 million to the estate via the upcoming 363 sale, It's going to be a tough row to hoe trying to peddle the chinese assets' equity value as a basis for an official committee.

RIght now I don't see it happening."

Because of the VIE structure? So you are in agreement with Madaniels?

You and a couple others on the call were much more educated in these matters than me. Did you hear a explicit plan on how they were going to obtain value for the China assets, or is everything just exploratory? (have been trying to communicate to the firm that we need a plan, and to base it on examples of other BK cases; hopefully, their own experience)