Replies to post #71573 on World Surveillance Group Inc (fka WSGI)

[wingshot]

Far and away the majority of Chapter 11s are converted to Chapter 7 when it becomes apparent there is no plan of reorganization that will ever be accepted by the credotors or the court. However, the Chapter 7 trustee will be able to dispose of Globetel's interest in the JV to be highest bidder she can find, which, of course, is likely to be VPN. Who would want to own a minority interest in a company controlled by a Mexican conglomerate? JMHO