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Old 12-09-2025 | 07:25 AM
  #499  
FriendlyPilot
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Originally Posted by FlyFlorida2025
You don’t buy 5% of the company, push for an examiner, and amend your disclosure statement insisting on a sale if you think Spirit is going to be liquidated. https://d18rn0p25nwr6d.cloudfront.ne...3e6552f713.pdf
This filing doesn't mean that at all. They are unsecured creditors who are upset that the secured creditors have taken control of the company to preserve their asset value in the event of a liquidatyion and set it up so that Esopus Creek Advisors will get wiped out if that happens. They are just mad and using their equity stake to try and make waves so they can get some secured debt, which isn’t going to happen.
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