Replies to post #1079 on Champion Enterprises Inc. (fka CJHBQ)

[stockmarketmadness]

"Champion also received interim Court approval of its $40 million debtor-in-possession (DIP) financing, permitting it pursuant to the terms of the facility immediate access of up to approximately $31 million to continue operations, pay employees wages and benefits and purchase goods and services going forward during the restructuring period. The final hearing on the DIP financing has been set for Thursday, Dec. 10, 2009 to approve the remainder of the DIP facility."

http://www.prnewswire.com/news-releases/champion-enterprises-receives-approval-on-package-of-relief-that-assures-continued-uninterrupted-operations-70305227.html

[hfields]

Exactly. This is just the final approval on the final portion. Approval will happen unless some sort of major curve ball is thrown here.

[roger that]

sounds good to me,slam dunk I bet, tomorrow should be interesting, triple witching are noteworthy
I find