which is going to make Altounian pull some desperate stuff to make those liens go away.
And there are still those left behind that are claiming IMGG will trade again. You would think that after yesterday's Q that would put that idea to rest
1) in default to the bankruptcy estate 2) in default to secured post bk noteholders 3) 1 yr of post bk operations never showing a profit 4) zero remaining cash
gameplan
final decision on not being allowed to trade again will result in notehollders filing to have the bk case converted to a ch7 liquidation
someone needs to pay attention that Dean Janes and Brian altounian aren't one of those secured noteholders. I saw that trick done with Pete Ianace and EPRT. He got an asset of value out of the company by making himself a secured noteholder and putting the company into BK. got away with it too.