June 2, 2009

How low is too low?

Wells Fargo rejected the cash offer of 85 .5 million dollar that Hartmax corporation and others have been putting in to infuse some cashflow and liquidity in an ailing economy. Hartmax is renegotiating the bid structure and looking at creating a right price for creditors to keep afloat.
Federal Bankruptcy Judges need to pull up their socks and get down to creating a long list of corporations to infuse creditworthiness for Wells Fargo? Can worth be bid?


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