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Message: Regarding TPL's BK

Upon information and belief, TPL is the BK applicant (chapter 11 re-organization).

Upon information and belief, TPL owed Dan Leckrone and his kids around $50million of the $100 million in debt

Upon information and belief, TPL owes Chet Brown approx $8million+ (pursuant to the judgment awarded to Brown), leaving less than $42 million owed to remaining creditors.

If true, TPL's debt to others is far less than I realized due to half of the debt belonging to him and his kids

I suppose if things don't go his way, i.e. creditors and Brown renegotiating down the amount owed to them or the Court reversing or reducing Brown's award, he can always file chapter 7.

Also, upon info and belief, TPL lists 3million shares of PTSC as an asset. Corrections welcome

So what is the real agenda here?

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Jun 28, 2013 04:18PM
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Jun 28, 2013 04:47PM
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Jun 29, 2013 02:56AM
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