AgFeed Industries Inc. (fka FEEDQ)

[mrholty]

This has been my biggest concern since late September when Wall Street had brought it up in response to a question I had asked. I had completely whiffed on it.

Minor quibble: Isn't the concern really of how to get the monies from the Caymans to the US? The Chinese assets were 100% owned by AgFeed sub in the Caymans, correct. Therefore the payment from the new owners would go to the Caymans.

I'd love to see the example from Lixh. The only case I know of personally was from my involvement with LSRAF (LaSalle Re). In that case there was a chapter 11 filing and the entity was based in Bahamas, not the Caymans but tax code should be similar (haven't checked). The problem is that none of the filings explained the tax details and I never asked about it when I spoke with the guys managing the liquidating trust in Britain.