07/28/2010 67 Statement by Shareholder Regarding Appointed Chapter 11 Trustee (related document(s) 8 ) filed by Abbey Walsh on behalf of Pike Capital Partners, L.P. and Pike Capital Partners (QP), LP. (Attachments: # 1 Exhibit A) (Walsh, Abbey) (Entered: 07/28/2010)
2. One of the primary investment strategies of the Pike Funds is to invest in longterm equity investments. The Debtor is one such investment the Pike Funds have made. Beginning over a year ago, the Pike Funds have acquired approximately 180 million shares of the Debtor’s common stock. In addition, the Pike Funds made an unsecured loan to the Debtor that remained outstanding on the Petition Date. Therefore, the Pike Funds are parties in interest in these proceedings.
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