Replies to post #23666 on AbitibiBowater, Inc. (fka ABWTQ)

[emailjanum]

It is abundantly clear that the Debtors' valuation modeling process was severely flawed and demonstrate the Debtors' utter inability to forecast performance. The Blackstone valuation team or actually Microsoft Excel ( which only tabulated numbers and never tested them) faced substantial challenged putting together the “Blackstone Valuation” because of the poor quality data provided by the Debtor. Despite this Blackstone never ventured to audit or to confirm the numbers fed by the Debtors in to Blackstone Valuation and thus Blackstone had no qualitative input into the projected ABH numbers.