Replies to post #1316 on Imprimis Pharmaceuticals Inc (IMMY)

[tradinginbama]

the break-up fee has to be approved.

according to the objection filed by A.L., the fee is excessive and is intended to hamper any further bidding. This is a no-no.

it is detailed in section D. The Break-Up Fee is Excessive.

It is inconceivable that the Purchaser’s fees and expenses are 20 times higher than the Debtor’s. Thus, the break-up fee should not be approved.

http://www.archive.org/download/gov.uscourts.casb.348892/gov.uscourts.casb.348892.20.0.pdf