Send News. Want a reply? Read this. More in the FAQ.   News Forum - All Forums - Mobile - PDA - RSS Headlines  RSS Headlines   Twitter  Twitter
Customize
User Settings
Styles:
LAN Parties
Upcoming one-time events:
Greenbelt, MD 08/22

Regularly scheduled events

Report this Comment
Use this form to report the selected comment to the moderators. Reporting should generally be used only if the comment breaks forum rules.

37. Re: Out of the Blue Nov 29, 2012, 15:39 Beamer
 
Will W wrote on Nov 29, 2012, 15:28:
Cutter wrote on Nov 29, 2012, 15:06:
Are you high on the marijuana, son? Those are the assholes who created this problem to begin with. Now they want to grab what they can and run like thieves in the night. Fuck them and the horse they rode in on.

While I understand your opinion on this, the decision doesn't lie with you, me, or the general public. This decision is made by the Judge with the input of the creditors. If the creditors feel that it's worthwhile, they will recommend to the judge to ok it and all will go fine. If they don't, then the judge will have to decide.

The judge already rejected converting it to a Chapter 7, meaning no overseeing trustee, and agreed with the argument that a trustee will take too long to come up to speed on how the business works and thus devalue the assets of the company.

Who anyone feel created this situation doesn't really matter at this point, what matters is getting maximum value for the assets. Potential buyers interested in the assets have inquired about rehiring the existing workforce. The faster and more efficient the sale can take place will benefit everyone. Sometimes when you're getting screwed there's nothing you can do about it but use a little lube to make it less painful. Think of these bonuses as the lube in this painful screw job.

Yes.
Cutter is putting too much emotion into it. It's too late for emotion. Now you want to cut bait as quickly and efficiently as possible. You want as much money in doing so. That $1.8MM to keep these guys around will likely lead to a much higher sales price than otherwise.
Yes, guys you want to see lose will win in it. But so will any debt holder, which includes the employees.
 
-------------
Music for the discerning:
http://www.deathwishinc.com
http://www.hydrahead.com
http://www.painkillerrecords.com
 
Subject
  
Optional
Message
 
Login Email   Password Remember Me
If you don't already have a Blue's News user account, you can sign up here.
Forgotten your password? Click here.
 




footer

Blue's News logo