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old_timer99

02/17/07 10:23 AM

#265542 RE: Seminole Red #265541

Redfisher, define my "double talk". A bankruptcy is the inability of an entity to pay off debt even after liquidating all of it's assets into cash. TMM liquidated all of its assets to pay-off its toxic financiers. There are no assets left to liquidate into cash to pay-off creditors. So TMM cannot seek BK protection from the court.
Where am I off? And, what does being a director have to do with this? The liquidation clause and the toxic financing terms were disclosed by the company and approved by the shareholders.
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Shadowman728

02/17/07 12:54 PM

#265563 RE: Seminole Red #265541

Redfisher, I would seek help for your OBVIOUS denial issues. What TMM's phone number and business address?