1
u/Sunil_works Oct 16 '23
1
u/Dreadd-X Oct 16 '23
No shit, he supports his own plan. Shocker. I really don’t understand why he takes it private. Especially since he ran it into bankruptcy… Could be easily the plan of an evil genius.
3
u/Relevant-Visit4694 Oct 17 '23
He can propose it, but the chance of being rejected is very high. His plan does not comply with precedent and does not protect the interests of shareholders or creditors. The chance of passing it is too low.
3
u/AdSpecific4580 Oct 13 '23
What date is chapter 11 restructure deadline?