The only way for GOIG to recover is to write-off 90% of the principal and 100% of the accrued interest. Then convert the remaining debt into equity, perform a R/S and re-start as a clean, unencumbered shell.
The last few years have been real-time proof that Ike Sutton owns 100% of nothing -- ie that the debt and any accrued interest is entirely uncollectable.
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