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ltesprit

06/16/06 5:00 PM

#257692 RE: zandant #257690

You can't get blood from a stone. There are HUGE net liabilities on QTN's balance sheet and no more capital is forthcoming. The channel is defunct and there is simply nothing there to resuscitate. TMM was always simply a holding company that Olsen controlled; no doubt he pulled out whatever assets he could from it before the collapse. The creditors that financed QTN's operations are ahead of us in line and were closest to Olsen. They're the ones that pulled the plug on him. If anyone recovers anything it will be them. And I wouldn't hold my breath if I were them.