The Company understands that a committee of unsecured creditors of Santa Fe will be formed to represent the interests of unsecured creditors in the chapter 11 cases. The Company intends to request that it become a member of the creditors committee. If appointed to the committee, the Company intends to work with the other members of the committee to maximize the recovery to unsecured creditors and to achieve an outcome that is in the best interests of the creditors.
I thought IGS had security over the Mongolan Project of Santa Fe for the funds ??
These IGS Directors are sounding more and more dodgy every day !!
IGS Price at posting:
0.3¢ Sentiment: None Disclosure: Not Held
