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tboll

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Posts: 299
Reply with quote  #1 
What happens(happened) to the $650K of metal that was in the vault at the time of bankruptcy?  Will it go into the new business as being part of the shareholders' investment?  Will it be distributed as pennies for dollars when the company has sold in auction?  Or will it be used to covered the cost of legal fees and interim management of BD?
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Cbrad01

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Posts: 33
Reply with quote  #2 
From what I remember it's going to be sold and used to pay bills or pay on losses. So pennies on the dollars.
Sucks for a lot of folks who could show that the metal was clearly theirs, but I don't think they have a hope...
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