posted
from March 23rd PR: "These efforts may be unsuccessful due to the fact that the amount owed on our financed equipment is substantially in excess of its fair value. In such a case, we may seek the protection of Chapter 11 of the U.S. Bankruptcy Code in an effort to reorganize the debts of the company. Such a reorganization will require us to submit a Plan of Reorganization for approval by the court which could result in no value to our common and preferred shareholders and may also impair creditors. "
Posts: 1580 | From: World | Registered: Jul 2006
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