1 Jan 2004, 03:29 (Ref:824964)
|
#57
|
 Race Official 1% Club
Join Date: Dec 2002
Posts: 46,807
|
ISC's first bit would have to be at least US$1.78m... US$1.63m + a minimum US$150k overbid value... plus "...assumption of extensive potential liabilities of the debtor..."
Although the clever option for ISC might be to put this in a shelf company, sell the valuable bits (if there are any) to themselves, and let the thing go on its merry way to destruction
|
|
__________________
“Although people make unpleasant comments when things I write do not come true, I am simply keeping readers up to speed of what is being discussed. If things turn out differently, it does not mean that these things were never discussed. Still, as I often say, you can take what I write or ignore it - and I really do not care. I’m simply trying to let you into the world of such discussions in F1.” - Joe Saward, Green Notebook from Saint-Doulchard
|