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Thursday, August 15, 2013 3:31:47 PM
When BK happens, you either agree to the amount BK judge deemed "fair and reasonable" based of the calculation of seasoned liquidating experts and asset value consultants appointed by the court. (All are a lot smarter than we are)
OR --- you can get all the back to the end of the line and try to sue a BKed company that may or may not come back to life.
What will be your choice? Swollow a $.25 on a dollar (on FV) deal or risk it all?
After you sign your life away --- agree to POR, whatever crumbs left belong to the equity side... if any, which will be us.
Hope this help
Steve
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