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HymanMinsky

04/15/19 9:27 AM

#68111 RE: I-Glow #68108

there is no reason to specify at the outset if the number is still the same. pretty basic stuff here
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CSCS

04/15/19 10:10 AM

#68115 RE: I-Glow #68108

As always vital information has been omitted.

Ignoring the facts and Court documents won't make them go away

The total proceeds from the VISOLIS Transaction that closed in October 2018...that is meaningless and outdated, it's now April 2019...

I suggest reading the 11th Monitor's Report from March 11th, 2019:



Here's need a reminder, PWC mentions in the 9th report that they are seeking an acceptable acquirer for the contractual rights...




PWC even gave an update that discussions with 2 parties continue at the March 15th court hearing... They discussed this complex restructuring....

Why would the Purchaser want to file a Plan of Arrangement with the creditors... Well to take advantage of licensing and employment agreements along with the substantial tax loss carryforwards...