GREY:NEVDQ - Post by User
Post by
nofluffon Sep 25, 2024 12:01pm
113 Views
Post# 36240356
Questions
QuestionsSo ncu accepted swcm parent company, Kintars matching bid as acceptable. The u.s. and cad. Courts have to review and accept or reject. I imagine there might be some large objections. This could drag on a long time.
So, we are not given details of what lenders are getting. I am guessing, all interest in arrears paid and loans stay in place. So creditors are then fine as kintera carries on with mine.
Will Pala get anything for there unsecured loans?? Shareholders would definitely get nothing.
So Pala and friends would be out about 500 plus million.
Why did Pala not simply go chpt 7. That would have given control to German bank. Not what u.s. would want. This kept control in north America. Kintera very u.s. friendly. Still waiting for court rulings.
Sounds like the proverbial gun to palas head. Still hope:))
Nf