RE:RE:RE:Results?There is a lot of accounting stuff. I think the point of bankruptcy is to relieve you ofbobligations so a lot of liabilities due to Global will be wiped off and then there was that private placement in q1.
A lot of stuff will be cleaned up but this is a mucjh smaller company that is not comparable to what we were "sold". Hard to believe anything they say....which is only positive until they can't skate around the negative anymore.
I still don't get the fact that such massive accounts receivables are being written off as if they were dealing with customers who contracted for 10s of millions but had no ability to pay.
So, not bankrupt but equally not something serious investors will buy into. Someone may point out the serious investor behind the placement. Yes, they are doing so to protect their credit line to KNR and you can bet that they will own them for awhile. You can bet that the pump in the price of their placement was not unnoticed and will come to roost in some way in the future.
Quite an unbelievable story, and the way it was told.