strategic alliance chameloen mining, page-24

muzzarati - i suspect a divergence betweeen your grasp of insolvency law and the actual operation of said law.

ridiculously complex area of the law. put simply if you dont have the $ to pay your debts as and when they fall due then you are almost definitely insolvent at which point there are a number of paths forward including creditors requesting court approval of appointment of a receiver. or the company in question can say sorry we're off to VA first while we sort out our actual state of affairs out. or the company can actually say - sorry but no debt, or debt but not due now.

ILP saying they are owed something and actually having an enforceable debt = not the same thing. threatening to put CHM into receivership is like you telling a car dealer you'll go next door unless he lowers the price.

having CFE and TS on board gives CHM a fighting chance to get a good deal from both MMX and ILP. the price for CHM will be high (just ask DMC) so be it.

dude. toughen up. this is real business played by real players.