World Health Alternatives, Inc.(fka WHAIQ)

[jackjohnson23]

There most likely won't be any equity committee. This company is being sold in a 363 sale which strips the assets out to be sold clean and leaves the corporate shell to implode. Usually you would have an equity committee with a restructuring BK which plans on raising additional capital but still intends to leave in place the existing equity position.

Big benefit of the 363 is that the buyer gets the assets free of any claim against them. No litigation will follow into the buyers world.

With the list of creditors filled with the petition I think we can put to rest concerns that the shareholders might get something. Really not that much out there other than capsource but enough to wipe out any leftovers. I do wonder how much the company really owes the IRS though. In the written filling its about 3.5 but in the debtor listing its 6.9 million.


It is nice to see that capsource will get to make some more fees though. I was getting worried that they were not getting the quota of excessive fees this quarter.


Jack