Haviland Enviro Corp V.HEC

Hemosol, Melnyk and Catalyst

[stockman6767]

Now that two deep pockets are both trying to buy Hemosol, why doesn't the Court let them bid against each other for the prize, rather than giving it away for pennies on the dollar? That way perhaps there would be a little left for the poor equity shareholders so that their nest egg and retirement savings isn't completely wiped out? It seems that the Court should be interested in the public's recovery of some of their investment and not allow the vultures circling to make huge profits at the publics interest. A ruling by the Court in the favor of either party (Melnyk or Catalyst) would be a pure give-away at the public expence (of the shareholders). A ruling not favoring either party, but leaving the prize to the highest bidder would be the faitest path and maximize the recovery for all the creditors and possibly leave something on the table for the poor investor.