Dismissed from chapter 11 (Waterton deal) which was for all assets. Chapter 7 would return even less money than chapter 11 so no go there either. If it is dismissed from chapter 11 Hollister must return to GBG I would think and possibly a restructured financing plan or some other vehicle to recover the asset value for stakeholders. I guess time will tell. I'm not sure how this affects the Burnstone sale or if it even does. Interesting events not sure how it will all play out but Hollister looks to be back in the mix.
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