Im gonna stop you right there. If you guys insist on playing this game, i may as well throw in a little truth. ALL bankruptcy cases have a trustee assigned to the case. Further, while you use old data which is the book entry used in the original filing showing some equity, there has been a 363 sale selling practically all of the business for about 10 cents on the dollar. Mr Riconda got what little value he could get from a remaining sub, and has yet to be made whole hence the 10 million dollar claim. A little quick math puts your assets well under liabilities, in layman's terms, you're in the hole big time.
Now, moving along and for arguments sake, you guys insist the company is about to emerge from bankruptcy, as you guys have said many times that all bills are paid and only equity remains, then ponder this question:
Why didn't they let the judge and trustee dismiss the case? That would have got them out of bankruptcy. No POR required.
Answer: Because they still need the protections of bankruptcy law to prevent creditors from pursuing action to get what they are due, which totally contradicts what has been portrayed as to what is supposedly going on with a so-called reverse merger.
Do you guys honestly think you will receive a gift of free value of a viable company just laid in your lap?
I invite anyone to contradict the 363 sale and 10 million dollar claim. Please do.
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