Replies to post #757 on The Dolan Company (fka DOLNQ)

[everett7]

May 30 is supposed to be the continuation date if they don't resolve everything today, the June 20 date I thought was only for stock transfers?

[Liam_S]

The items kicked to June are really non-issues. The two main issues are a) the validity of Bayside's claim and b) the company valuation. Those two are what will get kicked to Friday if the hearing cannot be concluded today.

Valuation is the bigger deal of the two. The debtor is claiming it's worth $118M while the EC is claiming the value is worth $212M. Equity needs a value of greater than $177M to be in the money. We'll see how this plays out.