Replies to post #71855 on Effective Control Transport Inc. (fka EFFC)

[Prove It2]

Yeah right!!!

The Caroni's, Bain's, Belanger's and more can smell blood and feel that they're touching their goal. Do you really think that they're willing to sit down and discuss an alternative? If this is your magic solution, the shareholders are really in trouble. The third act is as lame as the second act, staring our lame BOD that never saw anything coming. Gib had a plan!!!!! They were all blinded by greed and hungry for personal fame.

Bet you didn't know that a group of shareholders had acquired a large sum of money to cover a good part of the debt and to convince creditors to drop the lawsuit for a better alternative. Obviously there was a price for this financial assistance but I'm wasn't privy to it. Regardless, GIB and Gauthier refused the assistance because "they had a better plan." Where are we now??? The third act will short and the fourth will be final, I'm afraid.

[Prove It2]

Do you still think that Chapter 11 was a bad idea? How much time do we have after a bankrupcy jugement do we have to request protection. With the available funds in my earlier post, can we convince a judge? What's the statute of limitation on this? I'm sure with your expertise as a lawyer, we could come up with something.