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Real McCoy

06/27/20 6:42 AM

#105101 RE: iron-eagle #105093

You’re still trying, huh?

Well the underlined text says while they were actively trying to sell their company as a going concern that they didn’t anticipate any bad debts. Seams reasonable. Also seems reasonable that that would change for the worse when restructure failed and liquidation began. Of course.
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Brucebannerr

06/27/20 7:21 AM

#105103 RE: iron-eagle #105093

Yep all is good . All collected in full and distributed per the judges order . Just one doubtful one that wasnt collected. Apparently the corn sludge was sub par . That years old recipe wasnt all it was pumped to be. No wonder the interested buyer that wanted a demonstration of the money losing process backed out . Cawwww

25. As of the date of this report, the Company’s trade accounts receivable indicated in the Ninth Report
have been collected in full. The Monitor is reviewing the Company’s position with regards to an
additional amount that may be owing from a former customer of the Company, and has requested
information from that customer to evaluate this further.
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iron-eagle

06/27/20 12:15 PM

#105109 RE: iron-eagle #105093

Hey did you notice AR has a face value to it?? Thoughts? I have a couple.