Quote from: cedivad on May 28, 2014, 05:12:25 PM

Quote from: duncwa on May 28, 2014, 05:06:38 PM

Judge to adjourn and allow Mr. Sadikis' and group,of creditors to sign off on uses of funds document. To resume at 3pm today. May extend to tomorrow. Referencing documents not in my procession. Two orders: 1) remain in confidence sources and uses funds documents, 2) group is meeting to review.

Translation please? Who is mr. Sadikis? Can't find him on the creditors list. What is this group reviewing? Funds documents, what's that? A summary of their finances?

I don't know, but I believe that a "sources and uses of funds" document is basically a cashflow statement. What's coming in, and what's going out. Except maybe they are using it here in the future tense, as in a plan. I dunno. Hopefully we can get an audio file or briefing from Entropy_UC.

On the CRO: https://en.wikipedia.org/wiki/Chief_restructuring_officer

I assume a Trustee has a binding obligation to report any financial misconduct discovered at the company. If it's a CRO rather than a Trustee, does the CRO have similar obligations?