Post by
RonJadler on Feb 04, 2014 8:39pm
Helkaa took care of himself..
Helkaa's firm is NOT named as a creditor, AND he gets an ongoing services contract to help TID going forward.. seems like he might have some interest in the results. Scummer..
Also, did you notice in Paragraph 26 of the Helkaa declaration that they said that TID decided to not dilute the shareholders as part of the attempted equipment sale.. really, so now instead of dilaution the shareholders get potentially wiped out instead.. sounds like litigation bait.
Helkaa declaration paragraph 32 says that they anticipate selling the assets through a TBD bidding procedure. We need to tell the judge that this firesale approach is BS and calculated to reduced the results and the recovery from the sale. Needs to be orderly and calculated to drive a reasonably good result for the debtors AND the shareholders.
Cheers!