Wrong ! Upfront price = total proceeds from the sale of a vast majority of the debt ridden shells assets . As plainly spelled out in court no fantasy attached.
29] The Visolis Transaction closed on October 22"“, 2018 with the Monitor receiving the ENTIRE proceeds from the sale namely US$4.34M“ for the en-bloc purchase of the assets of the three Petitioners which necessitated that an allocation be made among the various secured lenders having asserted security interests against said assets.
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