MAE marion energy limited
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Dec 1st ...D Day, page-9

  1. Merleredneck
    2,363 Posts.
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    08/12/14
    12:01
    Post #: 14425601
    "On Friday 5 December 2014 the US Federal Bankruptcy Court refused an application by
    Castlelake LC to set aside the bankruptcy of Marion Energy, Inc. for bad faith. However,
    the Court also refused an application by Marion Energy, Inc to allow super-priority for
    working capital funding during the bankruptcy period. The Court ordered that Marion
    Energy Inc would have bankruptcy protection from its creditors until 1 June 2015."

    can anyone clarify the highlighted section?

    does this change the terms of the 2.5m funding that KM provided?
    Last edited by Merleredneck: 08/12/14
    MAE Price at posting: 0.6¢ Sentiment: Sell Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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