RE:RE:RE:RE:RE:RE:RE:RE:RE:Credit bidding and common shareholders
We're thinking alike, Fullblast. This is the first material fact that puts my hair on end. Filing a PR referencing a restructuring plan - remembering to do that part - but forgetting to publicly file the plan itself, as required? That's the kind of mistake that's hard to make.
Thus far, sales of assets have been conducted privately, and this whole Ch 11 process has been completed lightning quick with eager, seamless participation by all sides. I'm fine with any sweetheart deal that includes us. But a deal which increases money to creditors . . . that money has to come from somewhere. There are only so many pockets in the room. As shareholders in a company with significant book value, our pockets are the widest open and fairly deep.
I'm not going to get into some of my darker suspicions until I hear from TID or until they fail to reply. But there's no cost to being prepared. Fullblast, I couldn't agree more, with industry competitor lists available on Yahoo Finance and the speed and ease of email, it's quite easy for us to replicate whatever disclosure apparatus is not being used. Let's start gathering email addresses. I'm a writer by trade, so I'll compose a friendly, informative letter. We'll keep those items in our back pocket for now. Anyone else with insight, ideas or information, we've come this far together, so now's the time.
Basic filings withheld from public posting? Really?