People often ask what the difference is between the Siena bankruptcy and a soap opera. We’re not sure we know the answer, but research genius and insider-outsider founder of www.rereno.com might have some insight, as the following was sent along:
“Doc 238 is the Unsecured Creditors Committee objecting to conversion to Chapter 7. Seems that they are contemplating a suit against Mr. Ng and want the same judge in place. Doc 239 is Barney objecting to Chapter 7, PROMISING to come to the next hearing. And stating that an agreement in principal has been reached with RE Reno about distributions from the sale.”
PACER provided some updated financials, which we link to here:
Goodnight and sweet dreams, friends.