Replies to post #5651 on Up Tank

[kick69]

Chad you are not correct nor totally incorrect.


What is provided in these document is the Reorganization Support Agreement or "PSA" which states (Doc 2 Page 11 #33) that a Plan of Reorganization will be provided by June 30,2012 (most likely on the 6/27 Court Date IMO)

What the PSA does provide is a "Term Sheet" which outlines the general agreement and it may not contain all the terms of the agreement so what you read may not be final as stated in Doc 2 Page 35 where it states:

“This Term Sheet does not contain all of the terms of any proposed restructuring" so there are terms we are NOT aware of that may be very significant to the proposal.