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marketsmart · 12-28-2008, 06:51 PM

this will be interesting to see for sure.. in a chap 11 re org, its really up to the creditors and judge to determine what happens..

and financing must be in place to even go the 11 route..

from what i am reading, they cant get financing which is why they are trying for an ipo..

i am surprised that the ipo is even being allowed considering they are in default on some of their debt repayment..

12-28-2008, 06:51 PM
marketsmart HOMICIDAL TROLL KILLER Industry Role: Join Date: Dec 2004 Location: Sunnybrook Institution for the Criminally Insane Posts: 20,419	this will be interesting to see for sure.. in a chap 11 re org, its really up to the creditors and judge to determine what happens.. and financing must be in place to even go the 11 route.. from what i am reading, they cant get financing which is why they are trying for an ipo.. i am surprised that the ipo is even being allowed considering they are in default on some of their debt repayment..