Replies to post #71 on HearUSA Inc. (HEARQ)

[shermann7]

Just gotta laugh at that one!!! But it is good news.

Shermann

[mrholty]

Thanks for the note. I was expecting something to heat up before July 29th but I wasn't look at PACER. The last file out for free was on July 20th.

Just glanced at PACER, seems like a little summary of Siemens is out there under docket #335. $97.574M but there are two caveats; $37.4M for Siemens for supply agreement and $30.7M for the secured claim. The $30.7M is simiar to the $31.4M for Demant (I think).

I think this is a lesser bid:
Demant ($80 - $10 DIP - $31.4 Siemens Supply) = $38.6 - amounts to other creditors etc.

Siemens ($97.5 - $31.4 Siemens Supply - $37.4) = $28.7 left for everything else.

I'm not good at this stuff as its greek to me and my eyes are killing me. Thoughts?

[sidekick robin]

seems low but i am guessing it's just to get them into the game for Friday.

does anyone have a good sense of other liabilities and the amount? (ex seimens of course which is absurdly too high in my opinion)