In Chapter 7 BK

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Message: The only other news I have is...

Iggles,

I see you have made the cross over from the Investors Hub boards. I think these two boards are the best for constructive feedback and info. I don't post on IH, but there is someone "Bentos" that reiterates the info I post here on IH, so I really don't need to.

I downloaded the transcript the moment you made it available on IH. Much appreciated! It was a great read. The DuraRock merger had already been confirmed from the lawyers itinerary, before I read it, but still very useful.

The civil case seams to still be on and the defendents officially have the 6/4/2010 deadline to answer the complaint. Since Platinum didn't get everything they wanted (the sale) they may be holding on to the civil until they are done. I thought I read it will be by commitee, which is normal. The judge seemed to be very prone to the merger idea, so I don't think there will be any issues from the BK judge. Also, reading in between the lines, this judge will not be happy with a fire sale. Likely why he was against the 363 sale, whcih would give them the right to sell it at any price. So they need to get a market worthy price, and with luck the USCs may get something, which will reduce FG/DR debt.

We will see if the USC will except stock (its better than nothing) and how diluted the old FG stock will become. I am also hoping the new FG/DR will be able to take some advantage of the Relief canyon mine. Maybe purchase the drill rigs, or lease the lab, or be a consultant for the new owner...

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