I feel that this sale was just to pay off what was owed to continue operations in z-1 we were in default of only a little over 18m. If that debit is settled no need to sell turbines. Aug. 6 we may just find that we are back in business with z-1 and the gas to power project. Again we are in chapter 11 with the restructuring and we still have assets. Aug 6 q could be removed and back to business. Chapter 7 bankruptcy is when a business is over not 11.
Is the current plan not saying that (except for turbines) the rest would be sold for $1M? This is a joke of a plan. Only my opinion and if it went through, the lawyers are going to be busy for awhile. Only my opinion.
I'm just having a hard time finding what was actually sold to zedd. Finding a lot of contrary information. The spin off contract to zorridos is very clear as to what they get.
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