The $150 mil claim is what Frontier had agreed to pay to buy them. If the purchase does not occur, they still owe RAH $260 mil. If someone out bids RAH, the highest bidder would have to pay $260 mil (the original claim owed) to RAH plus whatever they bid. Oh I forgot, they would ALSO have to pay back RAH the $40 mill DIP back as well!
Bedford not stupid!
Last edited by av8tordude; 07-14-2009 at 11:08 AM.