What if anything can be done to create value for the holders of SEBC common stock?
The Trustee recently sought and obtained approval of the Bankruptcy Court to retain an investment banker to determine whether it may be possible to enter into a business transaction with an investor willing to invest new equity which, if accomplished, might create value for the common stock. The investment banker has been retained on a contingent fee basis, holds considerable experience in transactions of this type, and has been in contact with a number of potential investors known to be financially capable of entering into such a transaction.
