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2,916 Posts.
118
27/11/12
19:11
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According to court documents they have $191M worth of liabilities... that was 17 months ago..
Liabilities with interest would now be over $200M
Assets were $134M stated in the 2011 Annual Report
Under current market circumstances I would consider it difficult to sell the assets for $134M
That falls a long way short of their liabilities
I think that pretty much explains what the shareholders would get under a sale agreement..
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