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livinginsv

06/26/14 11:54 AM

#23540 RE: Gold Seeker #23538

you hit the nail on the head . . . the only chance of survival is having the lenders on board, which will take a judge . . . RXPC NEEDS a judge . . . the lenders will have the choice of taking shares in a chap 11 proceeding, or forcing a chap 7 and get zilch . . . they've already recovered a couple of mil over the years, drop the interest charges, and it's about 6 mil lost . . . shares worth .10 on the dollar is 600k . . . if i was their lawyer i would say take the deal . . .

or charter just wanted the equipment, lol . . .

we've got everything, we're changing everything, we've got some in, we've got some out, we've got some wild things floating about -genesis