Monday, February 17, 2014 11:54:39 AM
horizon isn't playing games. it's standard procedure for them to file this motion. if horizon
proves the company is unable to operate, bk protection will be tossed, which effectively kills cerp. don't understand why the board is spinning this as a positive. the fact that a cerp is fighting with its biggest lender in public speaks for ifself. company's don't do a chapter 11 unless its a last resort thing. this means they've been fighting for months if not years. further, shareholders are pretty much the last people on the totem pole. why would anyone jump in now is just foolish.
all of this in my opininon only
proves the company is unable to operate, bk protection will be tossed, which effectively kills cerp. don't understand why the board is spinning this as a positive. the fact that a cerp is fighting with its biggest lender in public speaks for ifself. company's don't do a chapter 11 unless its a last resort thing. this means they've been fighting for months if not years. further, shareholders are pretty much the last people on the totem pole. why would anyone jump in now is just foolish.
all of this in my opininon only
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