Replies to post #42824 on Secure Point Technologies Inc (fka IMSCQ)

[tedpeele]

that's what I've been asking. Ch 11 seems unnecessary unless it is ONLY for being able to pay debts for the next couple of months. The PR says the the CH 11 is for 'customary relief'.

But why does it say cash PLUS 'specified liabilities'? And what are 'specified liabilities'? That implies to me that not ALL of the liabilities are going to be acquired by L3. Maybe buffalo is right - maybe some of the debt will not have to be repaid.

The ambiguities here lead me to wonder if the amount left over will be a lot more than what people are thinking.