GREY:ARGEF - Post by User
Comment by
Mininggeneralon Jul 20, 2019 1:43pm
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Post# 29943024
RE:RE:RE:RE:RE:RE:RE:Reports of the Trustee
RE:RE:RE:RE:RE:RE:RE:Reports of the TrusteeFoot, when it goes to auction, the highest bidder takes it as long, as creditors agree and new company is formed. The only way this will benefit shareholders if the bid goes way over 4.8 mill. Currently, Mazen's bid is way less than 1.5 mill because in his filing part of that is operating expenses. Since it has gone to bankruptcy proceeding, don't think it will reverse now. Mazen probably took a chance the bids out there won't be higher than his, devil got to him.