GREY:NEVDQ - Post by User
Post by
TallTale101on Dec 19, 2024 1:51pm
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Post# 36370733
Kintera spank fest buzz-kill
Kintera spank fest buzz-kill Pala, Mercuria and castle lake or whatever just walked away with zero benefits for their ownership shares? And are just getting fractions of their principals back for loans with zero interest? Without complaint. Does not pass smell test.
Any clarification how only the debtors have a say in the c11? Sounds like there is talk of letting shareholders voice claims too. Sometime in future. Presumably too late to do anything but help Kintera take "ownership" away from shareholders.
Particularly galling was revelation that the agent Moisel or whatever was working for the debtors, not the shareholders. Any peep here from Tom Albanese?
BTW who convicted Albanese for his Rio Tinto capers? Maybe the SEC would not mind a second bite. Did it before. Why not hurt the shareholders again?
Bottom line is Kintera can easily afford to remedy the secondary shareholders. Since there are only around 50m secondary shareholders.
Also guessing Chicago SEC should be main focus