3 ms·
Right, so if The Onion bid $2.5M and the Sandy hook families said "Our portion of that $2.5M will be forgiven and it will pay for the other creditors" Then Jone
by cogman10 2y ago
Right, so if The Onion bid $2.5M and the Sandy hook families said "Our portion of that $2.5M will be forgiven and it will pay for the other creditors" Then Jones' debt would have been reduce by ~$5M instead of the $3.5M of the other bidder.
Now, it is possible that the onion only bid $1.75M in which case there might be something to the claim. But, I doubt that's the case.
- griffzhowl 2y agoI just posted that to communicate that there are reliable sources, not just Jones, that say the Onion bid was lower.
- cogman10 2y agoFair enough. I was unaware the trustee had publicly said the bid was lower. I did, however, want to flush out exactly what sort of math the trustee would be doing in this case to justify taking the lower bid.