Sunday, April 05, 2009

Unbelievable or is it?

Well, it seems that the timeline to buy BearingPoint has been set. I received an email that said something about the court date and the potential closing date for Deloitte's eventual takeover of the Public Services division. Of course, this is all public record, but I am reluctant to release much here.

I have heard a lot from my friends, associates and others who are well meaning, who are encouraging us all to hang in there to see what happens. I appreciate the words of encouragement and I plan to do just that. Buckle up and hang in for the ride.

It seems unbelievable that BearingPoint is just going to dry up and blow away in the wind, but that's exactly what will happen.

After the purchase and disbursements of the saleable assets, the remainder of BearingPoint goes to the smelter. This is where the stockholders and subordinate/junior credit holders get teleported off to some distant planet where credit no longer matters.


Post a Comment

<< Home