Sorry, I need clarification. I read it saying the installment receipts were an obligation?
So, was the LLC buying the obligation for a dollar credit? Lowering his obligation to $6.50?
If it was an obligation and the firm went bankrupt didn't he have $6.50 of downside? Was this an arb between legal jurisdictions? The LLC just refused…
Sorry, I need clarification. I read it saying the installment receipts were an obligation?
So, was the LLC buying the obligation for a dollar credit? Lowering his obligation to $6.50?
If it was an obligation and the firm went bankrupt didn't he have $6.50 of downside? Was this an arb between legal jurisdictions? The LLC just refused to honor the contractual obligation?
If the firm wanted the LLC pay, didn't the the LLC's right to collect the stock disappear? i.e. The contract expired worthless?
Sorry, I need clarification. I read it saying the installment receipts were an obligation?
So, was the LLC buying the obligation for a dollar credit? Lowering his obligation to $6.50?
If it was an obligation and the firm went bankrupt didn't he have $6.50 of downside? Was this an arb between legal jurisdictions? The LLC just refused to honor the contractual obligation?
If the firm wanted the LLC pay, didn't the the LLC's right to collect the stock disappear? i.e. The contract expired worthless?