The bids were due a week ago - not sure why they would need further extension here unless it was some sort of positive development. If there were no bids by August 21, they would have entered liquidation immediately.
I think the the two requests for delays were just a couple of hours. The thing I am interested in is the 3rd item. The one that says relating waiver of debtor.
No way to "know" at the moment. My guess is EITHER there may be two competing deals OR the details of one agreement need to be hammered out OR the judge sent the team back to come up with a better solution that includes payment of stockholders (since he's done this in at least one prior case)
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