RE:RE:The Smackdown
The only problem is that you haven't bothered to read the declaration that Tuscany's Chief Restructuring Officer made to the court in support of the Bankruptcy Petition.
In that document he states that the amount of debt owed to prepetition lenders is $204 million and that based upon current valuations the lenders are considered to be UNDERSECURED. Do you understand what that word means?
He further details the steps they have gone through and propose to go through to solicit bids and offers.
The link to the document was posted by Khaledb a few posts back.