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"Cash to minority creditors" doesn't matter. "Cash to the estate" is all that matters. The Onion's offer carried $1.75 million in cash to the creditors. Alex Jo
by pclmulqdq 2y ago
"Cash to minority creditors" doesn't matter. "Cash to the estate" is all that matters. The Onion's offer carried $1.75 million in cash to the creditors. Alex Jones's vitamin company offered $3.5 million in cash.
- ReflectedImage 2y agoThe Onion bid was legally the correct bid to accept. It's got nothing to do with the cash amount, totally irrelevant.
- Retric 2y agoOnions offer was 1.75 million in cash and one party forgiving the estate enough money for the minority creditors to be better off. Which mathematically requires the offer to be worth more than 3.5 million in cash to his estate.