Post by
onthecase on Feb 13, 2014 11:17pm
Tomorrow we don’t march - We ATTACK! Our Legal Strategy:
We’re attacking on two main fronts. First, we will file to halt the process which the opposition is trying to ram through Bankruptcy Court at the speed of light. We will appeal for the creation of an equity committee, to speak for the interests of the shareholders in the Chapter 11 proceeding. This committee, once formed, will have one primary mission: to open up the bidding process for the company and/or its assets. Currently, only the lender’s offer is considered a valid bid. Our goal is to cram the bidding with as many third parties as possible, competing with each other, ensuring full market value for the assets. Value which, as we all know, far outweighs debt in any but the most creative of accounting.
Our aim is to sell the company, as an ongoing and profitable operation, to one successful bidder at an appropriate premium. Thanks to earlier marches, we are now in position to compel this process and pack the room with such bidders. Many thanks to all who have contributed to bringing us here.
Second, we will pursue any applicable fraud-related charges. This will be done in a different court, in Canada, by other lawyers. This battle lies a little way down the road.
Please watch this space toward late morning tomorrow. All details relating to this action will be released at that time. Immediate effort will be needed from all soldiers. That is the moment when we will ATTACK! Be ready.
Comment by
justsomeguytrading on Feb 13, 2014 11:20pm
CAN YOU HEAR MY WAR CRY!!!!!