If you owe the bank $600K for your $800K house and you can't...

If you owe the bank $600K for your $800K house and you can't pay. The bank sells the house, for say $700K... in a fire sale..... The bank takes its $600K leaving you with $100K. The bank will then deduct its cost for the sale...$50K.

You will end up with $50K for your house...

Now lets apply your logic to Clear Creek.
Even though the bank currently has title over Clear Creek.
Just like the bank has title over your house if you have a loan.

You are suggesting that the bank will accept far less money than it is owed and allow the householder, the electric company, and the Ferrari dealer to also get some money???
and the bank will give the title back to the householder????

Yeah Right.... The Bank will take the lot until it is paid in full. If the bank gets less than the whole lot, everybody else will get nothing.


If Marion survives the best shareholders can hope for will be a token shareholding in the new entity, and a chance to participate in the Float/Cap Raising of the New MAE.
Existing shareholders might represent 1% of the New MAE