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hotmeat

11/11/18 3:10 PM

#546450 RE: Large Green #546449

THE WMILT's STATED MANDATE.....

TO LIQUIDATE, CONVERT TO CASH AND DISTRIBUTE TO BENEFICIARIES.

It plainly says convert to CASH LG, not shares.

I actually do and it's exactly what I said...liquidate the assets, then convert them to cash and finally distribute them. Liquidate does not necessarily mean to convert to cash which I assume many here believe it only means. They included convert to cash to confirm what it is to be liquidated into. See definition below...where is cash mentioned???



LIQUIDATE: wind up the affairs of (a business) by ascertaining liabilities and apportioning assets.

SYNONYMS: close down, wind up, put into liquidation, dissolve, break up, disband, terminate