GREY:ARGEF - Post by User
Post by
Mininggeneralon Jul 06, 2019 9:55pm
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Post# 29892910
Make Argex Bankrupt
Make Argex BankruptI think only solution is make Mazen pay way more than he wants to for Argex or bankrupt it because he thinks to expensive. Besides the debtors that Mazen or his buddies own, need to reach out the other debtors and try to work with them and try to pay them a lot more than Mazen will offer. Lawyer said 2/3 needs to agree to re-structuring. Mazen probably thinks Argex is worth 2-2.5 million because he is willing to put up 1.5 million, legal fees and possibly other expenses. Out of the 1.5 million, not sure how much will he use to pay for salaries and to keep the lights on and what offer he is offering to the debtors. I think someone needs to start a crowd funding site, make Argex Bankrupt and hopefully can raise money through those means to discuss with the debtors. The reason why so many shareholders are pissed because he is using the bankruptcy loophole to get back his company. In the end, going to be really hard to pull this off. Do shareholders, who have been taken to the cleaners what to contribute more on something that will make them feel good, but end result they will lose more money?