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Replies to post #5609 on Up Tank

Replies to #5609 on Up Tank
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10452km2

06/18/12 3:13 PM

#5610 RE: Zoofire #5609

I did and its just part of the Bk process that's all.

Here lies the problem BDE and the noteholders will own 80-90% of the company.. They need to take a haircut of 70-75% for us to see something.

Right now it says we get between 0-10% at this point I think the risk is to great and that is why I sold. If the pps drops to .01-.015 It will be worth the risk and more importantly TIME.

I have been thru the WAMU case and let me tell you, its a long process if we get 5% or 3% of the company and try to fight for more.

We dont know what the OS will be nor do we know what the company will do when it comes out of BK. to many unknowns now.