No binding offers for the equity were ever received. This is in writing under the watchful eye of the courts. The fundamental mistake of those that lost here was not understanding that the latest information was always the only information. There could have been 500 bidders offering 1B each in theory, but when you are told that none showed up when it was time to submit binding offers and instead a liquidation plan was being pursued, that was the time to get out, not to sit there muttering about the promise of big bids from an earlier report.
Once again all of the bids are shown in the 6th report and not a single LOI was received for the business as a whole. The second transaction is and always was a flat out lie made up by the dd fabrication team