/raid1/www/Hosts/bankrupt/TCR_Public/060422.mbx
T R O U B L E D C O M P A N Y R E P O R T E R
Saturday, April 22, 2006, Vol. 10, No. 95
Headlines
AOL LATIN: Files Monthly Operating Report for March 2006
KUSHNER-LOCKE: Files February 2006 Monthly Operating Reports
MIRANT CORP: Earns $216.8 Million for the Month of December 2005
MIRANT CORP: Americas Earns $137.7 Million in December 2005
REFCO INC: Files Monthly Operating Report for November 2005
REFCO INC: Files Operating Report for Period Ended Dec. 31, 2005
SONICBLUE INC: Files February 2006 Monthly Operating Report
XYBERNAUT CORP: Files March 2006 Monthly Operating Report
*********
AOL LATIN: Files Monthly Operating Report for March 2006
--------------------------------------------------------
On April 18, 2006, America Online Latin America, Inc., and its
debtor-affiliates, filed their monthly operating report for the
month ended March 31, 2006, with the United States Bankruptcy
Court for the District of Delaware.
For the month ending March 31, 2006, the Company's Income
Statement shows:
Net Income/
Revenue (Net Loss)
------- -----------
America Online Latin $0 $112
America, Inc.
AOL Latin America Management, $20,888 ($275,841)
LLC
AOL Puerto Rico Management $61,474 ($106,300)
Services, Inc.
America Online Caribbean Basin, $878,195 $392,615
Inc.
At March 31, 2006, the Company's balance sheet shows:
America Online Latin America, Inc.
__________________________________
Current Assets $17,403,284
Total Assets 611,241,093
Current Liabilities 6,130,621
Total Liabilities 166,130,621
Total Stockholders' Equity $445,110,472
AOL Latin America Management, LLC
_________________________________
Current Assets $12,979,467
Total Assets 13,030,399
Current Liabilities 27,139,768
Total Liabilities 27,139,768
Total Stockholders' Deficit ($14,109,369)
AOL Puerto Rico Management Services, Inc.
_________________________________________
Current Assets $16,436
Total Assets 127,437
Current Liabilities 6,663,764
Total Liabilities 6,676,431
Total Stockholders' Deficit ($6,548,994)
America Online Caribbean Basin, Inc.
____________________________________
Current Assets $21,813,126
Total Assets 21,833,451
Current Liabilities 215,421
Total Liabilities 215,421
Total Stockholders' Equity $21,618,030
A full-text copy of America Online Latin America, Inc., and its
debtor-affiliates' Monthly Operating Report for the month ended
March 31, 2006, is available at no charge at:
http://ResearchArchives.com/t/s?823
Headquartered in Fort Lauderdale, Florida, America Online Latin
America, Inc. -- http://www.aola.com/-- offers AOL-branded
Internet service in Argentina, Brazil, Mexico, and Puerto Rico,
as well as localized content and online shopping over its
proprietary network. Principal shareholders in AOLA are
Cisneros Group, one of Latin America's largest media firms,
Brazil's Banco Itau, and Time Warner, through America Online.
The Company and its debtor-affiliates filed for Chapter 11
protection on June 24, 2005 (Bankr. D. Del. Case No. 05-11778).
Pauline K. Morgan, Esq., and Edmon L. Morton, Esq., at Young
Conaway Stargatt & Taylor, LLP and Douglas P. Bartner, Esq., at
Shearman & Sterling LLP represent the Debtors in their
restructuring efforts. When the Debtors filed for protection
from their creditors, they listed total assets of $28,500,000
and total debts of $181,774,000.
KUSHNER-LOCKE: Files February 2006 Monthly Operating Reports
------------------------------------------------------------
On April 13, 2006, The Kushner-Locke Company and its debtor-
affiliates filed their February 2006 Monthly Operating
Reports with the U.S. Bankruptcy Court for the Central District
of California, Los Angeles Division.
For the month ending Feb. 28, 2006, The Kushner-Locke Company's
Profit & Loss Statement shows:
Gross Profit $0
Total Operating Expenses 62,898
Total Non-Operating Expenses 19,474
Net Income (Loss) ($82,372)
For the period from Feb. 1, 2006, through Feb. 28, 2006, The
Kushner-Locke Company's Cash Receipts and Disbursements Report
shows:
Collateral Concentration
Account Account
---------- -------------
Beginning Balance $1,551,203 $58,650
Total Receipts 452,895 95,000
Total Disbursements 95,000 81,606
Ending Balance $1,909,099 $72,043
Full-text copies of The Kushner-Locke Company's February 2006
Monthly Operating Reports are available at no charge at:
Profit & Loss Statement:
http://ResearchArchives.com/t/s?803
Cash Receipts and Disbursements Report:
http://ResearchArchives.com/t/s?804
Headquartered in Los Angeles, California, The Kushner-Locke
Company is a low-budget movie production studio. The Company,
along with its debtor-affiliates filed for chapter 11 protection
on Nov. 21, 2001 in the U.S. Bankruptcy Court for the Central
District of California. The cases are jointly administered under
case number 01-44828.
MIRANT CORP: Earns $216.8 Million for the Month of December 2005
----------------------------------------------------------------
Mirant Corporation and Subsidiaries
Consolidated Balance Sheet
As of December 31, 2005
ASSETS
Cash and cash equivalents $1,551,252,422
Accounts receivable - net 872,446,019
Assets from risk management activities 607,975,353
Derivative hedging instruments -
Inventories 372,371,957
Other 2,015,990,272
--------------
Total Current Assets 5,420,036,023
Property, plant and equipment 5,265,632,973
Less: accumulated depreciation/depletion 959,291,376
Leasehold interests - net 1,420,847,362
Construction work in progress 113,253,279
Investment in suspended construction 174,210,337
--------------
Total net property, plant and equipment 6,014,652,575
Investments 227,355,524
Long-term accounts receivable - net 41,731,815
Notes receivable - net -
Assets from risk management activities 114,779,585
Goodwill - net 5,767,352
Other intangibles - net 282,702,348
Derivative hedging instruments -
Restricted cash, non-current 187,667,637
Other long-term assets (1)
Miscellaneous deferred charges 616,449,680
--------------
Total Non-current Assets 1,476,453,940
--------------
TOTAL ASSETS $12,911,142,538
==============
LIABILITIES AND EQUITY
Postpetition Liabilities:
Debt $3,732,468,472
Accounts Payable 2,731,296,522
Liabilities from risk management activities 1,306,831,912
Obligations under energy deliveries 5,259,984
Derivative hedging instruments -
Other 317,442,991
Miscellaneous deferred credits 772,070,695
--------------
Total postpetition liabilities 8,865,370,576
Prepetition Liabilities 18,213,286
--------------
TOTAL LIABILITIES 8,883,583,862
EQUITY:
Minority interest in subsidiaries 171,835,903
Mandatory redeemable securities -
Common stock 3,000,000
Additional paid-in capital 11,297,271,921
Retained earnings (7,461,692,472)
Treasury stock, at cost -
Accumulated other comprehensive income 17,143,324
---------------
Total Equity $4,027,558,676
---------------
TOTAL LIABILITIES AND OWNERS' EQUITY $12,911,142,538
===============
Mirant Corporation and Subsidiaries
Consolidated Statement of Income
For the month ending December 31, 2005
REVENUES:
Generation $530,859,315
Net trading revenue 3,939,039
Distribution 62,022,527
Other 691,748
---------------
Net Revenue 597,512,629
OPERATING EXPENSES:
Energy cost 259,785,204
Operations and maintenance 96,686,155
Depreciation and amortization 26,781,158
Gain on sale of property and investment (9,729,478)
Impairment loss 9,754
Restructuring costs 5,416,006
---------------
Total Operating Expenses 378,948,799
---------------
Income before non-operating income
and expense 218,563,830
OTHER INCOME AND EXPENSES:
Interest income 2,541,009
Interest expense (71,278,206)
Equity in income of affiliates 4,933,468
Other (89,433,204)
Reorganization items 164,350,527
Minority interest (486,062)
Net income from discontinued operations (13,329,468)
Gain on sale assets, minority owned 43,885,084
Write down of assets, minority owned (22,500,000)
---------------
Total Other Income 18,683,148
Cumulative effect of a change in acctg. principle (16,269,763)
Provision for income tax (4,153,489)
---------------
NET PROFIT (LOSS) $216,823,726
===============
Mirant Corporation
Unconsolidated Cash Receipts and Disbursements
For the month ending December 31, 2005
Cash, beginning of month $316,758,323
Non-Operating Receipts:
Loans & Advances 33,090,181
---------------
Total non-operating receipts 33,090,181
---------------
Total receipts 33,090,181
---------------
Total Cash Available 349,848,503
Operating Disbursements -
Reorganization Expenses -
---------------
Total disbursements -
---------------
Net Cash Flow 33,090,181
---------------
Cash, end of month $349,848,503
===============
Headquartered in Atlanta, Georgia, Mirant Corporation --
http://www.mirant.com/-- is a competitive energy company that
produces and sells electricity in North America, the Caribbean,
and the Philippines. Mirant owns or leases more than 18,000
megawatts of electric generating capacity globally. Mirant
Corporation filed for chapter 11 protection on July 14, 2003
(Bankr. N.D. Tex. 03-46590), and emerged under the terms of a
confirmed Second Amended Plan on January 3, 2006. Thomas E.
Lauria, Esq., at White & Case LLP, represented the Debtors in
their successful restructuring. When the Debtors filed for
protection from their creditors, they listed $20,574,000,000 in
assets and $11,401,000,000 in debts. (Mirant Bankruptcy News,
Issue No. 95; Bankruptcy Creditors' Service, Inc., 215/945-7000)
MIRANT CORP: Americas Earns $137.7 Million in December 2005
-----------------------------------------------------------
Mirant Americas Generation, LLC, and Subsidiaries
Consolidated Balance Sheet
As of December 31, 2005
ASSETS
Cash and cash equivalents $423,881,924
Accounts receivable - net 604,242,850
Assets from risk management activities 603,749,949
Derivative hedging instruments -
Inventories 278,159,717
Other 1,723,953,517
---------------
Total Current Assets 3,633,987,957
Property, plant and equipment 3,131,193,855
Less: accumulated depreciation/depletion 571,547,082
Leasehold interests - net -
Construction work in progress 74,386,408
Investment in suspended construction 173,910,337
---------------
Total net property, plant and equipment 2,807,943,518
Investments -
Long-term accounts receivable - net 2,251,327
Notes receivable - net -
Assets from risk management activities 104,970,239
Other intangibles - net 220,602,217
Derivative hedging instruments -
Restricted cash, non-current 5,170,885
Other long-term assets -
Miscellaneous deferred charges 245,094,527
---------------
Total Non-current Assets 578,089,195
---------------
TOTAL ASSETS $7,020,020,670
===============
LIABILITIES AND EQUITY
Postpetition Liabilities:
Debt $2,614,307,190
Accounts Payable 2,371,946,710
Liabilities from risk management activities 822,273,368
Obligations under energy deliveries -
Derivative hedging instruments -
Other 223,733,746
Miscellaneous deferred credits 577,223
---------------
Total postpetition liabilities 6,032,838,237
Prepetition Liabilities 34,029,790
---------------
TOTAL LIABILITIES 6,066,868,027
EQUITY:
Minority interest in subsidiaries 35,002
Mandatory redeemable securities -
Common stock 1,000
Preferred stock (319,453,160)
Additional paid-in capital 5,459,715,985
Retained earnings (4,214,539,976)
Treasury stock, at cost -
Accumulated other comprehensive income 27,393,792
---------------
Total Equity $953,152,643
---------------
TOTAL LIABILITIES AND OWNERS' EQUITY $7,020,020,670
===============
Mirant Americas Generation, LLC, and Subsidiaries
Consolidated Statement of Income
For the month ending December 31, 2005
REVENUES:
Generation $445,313,278
Net trading revenue -
Distribution -
Other 16,742
---------------
Net Revenue 445,330,020
OPERATING EXPENSES:
Energy cost 180,402,595
Operations and maintenance 60,496,374
Depreciation and amortization 9,551,592
Gain on sale of property and investment -
Impairment loss 9,754
Restructuring costs 129,635
---------------
Total Operating Expenses 250,589,950
---------------
Income before non-operating income
and expense 194,740,070
OTHER INCOME AND EXPENSES:
Interest income (43,976)
Interest expense (34,195,778)
Equity in income of affiliates -
Other (397,279)
Reorganization items (11,519,815)
Minority interest -
Net income from discontinued operations -
---------------
Total Other Income (46,156,848)
Cumulative effect of a change in acctg. principle (13,985,357)
Provision for income tax 3,138,684
---------------
NET PROFIT (LOSS) $137,736,549
===============
Mirant Americas Generation, LLC, and Subsidiaries
Unconsolidated Cash Receipts and Disbursements
For the month ending December 31, 2005
Cash, beginning of month $127,837,220
Non-Operating Receipts:
Loans & Advances $1,387,111
---------------
Total non-operating receipts 1,387,111
---------------
Total receipts 1,387,111
---------------
Total Cash Available 129,224,331
Operating Disbursements -
Reorganization Expenses -
---------------
Total disbursements -
---------------
Net Cash Flow 1,387,111
---------------
Cash, end of month $129,224,331
===============
Headquartered in Atlanta, Georgia, Mirant Corporation --
http://www.mirant.com/-- is a competitive energy company that
produces and sells electricity in North America, the Caribbean,
and the Philippines. Mirant owns or leases more than 18,000
megawatts of electric generating capacity globally. Mirant
Corporation filed for chapter 11 protection on July 14, 2003
(Bankr. N.D. Tex. 03-46590), and emerged under the terms of a
confirmed Second Amended Plan on January 3, 2006. Thomas E.
Lauria, Esq., at White & Case LLP, represented the Debtors in
their successful restructuring. When the Debtors filed for
protection from their creditors, they listed $20,574,000,000 in
assets and $11,401,000,000 in debts. (Mirant Bankruptcy News,
Issue No. 95; Bankruptcy Creditors' Service, Inc., 215/945-7000)
REFCO INC: Files Monthly Operating Report for November 2005
-----------------------------------------------------------
Refco, Inc., and its debtor-affiliates delivered to the
Bankruptcy Court a monthly statement of their cash receipts and
disbursements for the period from November 1 to 30, 2005.
Peter F. James, controller of Refco, tells the Bankruptcy Court
that Refco is unable to issue comprehensive financial statements
at this time. He explains that on October 9, 2005, after
consultation by the Audit Committee with the company's
independent accountants, Refco determined that its financial
statements, as of, and for the periods ended, February 28, 2002,
February 28, 2003, February 28, 2004, February 28, 2005, and
May 31, 2005, taken as a whole, for each of Refco Inc., Refco
Group Ltd., LLC and Refco Finance, Inc., should no longer be
relied upon.
Hence, Refco prepared the Statement of Cash Receipts and
Disbursements in lieu of the comprehensive financial statements.
During the Reporting Period, Refco discloses a beginning cash
balance of $246,696,000. The company received $93,735,000 and
made disbursements totaling $16,578,000. Refco's ending cash
balance aggregates $323,853,000.
The Debtors serve as a paying agent for certain non-Debtors.
During the Reporting Period, $12,800,000 was disbursed on behalf
of and reimbursed by the Non-Debtors.
Mr. James reports that cash receipts at Refco Capital LLC include
$2,600,000 of Refco Trading Services, LLC funds that were
transferred on November 25, 2005.
Mr. James relates that there was an account with $11,000,000
included within the monthly operating report for October 2005, as
part of Refco Capital Markets, Ltd.'s balance. It has now been
determined that the account is a Refco Securities, LLC account
and, therefore, has been reclassified accordingly in that
schedule.
Mr. James further discloses that there exists an RCM account that
was not included in the October Monthly Operating Report. The
account, held at Euroclear, had a closing balance of $3,800,000
on October 31, 2005. There were no disbursements from that
account in October.
Of the $2,000,000 in disbursements listed for Refco F/X
Associates, LLC, Mr. James says that over $1,100,000 is
attributable to fluctuations in foreign exchange rates.
Refco paid $10,837,000 in gross wages in November 2005. Of the
Gross Wages, $10,088 were paid on behalf of Non-Debtors and the
Debtors were reimbursed in cash for disbursements.
Refco also reports that all taxes due and owing have been paid
for the current period. In addition, all tax returns due during
the period have been filed.
All insurance policies are fully paid for the current period,
including amounts owed for workers' compensation and disability
insurance.
A full-text copy of Refco's November 2005 Monthly Statement is
available at no charge at http://ResearchArchives.com/t/s?828
Based in New York, New York, Refco Inc. -- http://www.refco.com/-
- is a diversified financial services organization with operations
in 14 countries and an extensive global institutional and retail
client base. Refco's worldwide subsidiaries are members of
principal U.S. and international exchanges, and are among the most
active members of futures exchanges in Chicago, New York, London
and Singapore. In addition to its futures brokerage activities,
Refco is a major broker of cash market products, including foreign
exchange, foreign exchange options, government securities,
domestic and international equities, emerging market debt, and OTC
financial and commodity products. Refco is one of the largest
global clearing firms for derivatives.
The Company and 23 of its affiliates filed for chapter 11
protection on Oct. 17, 2005 (Bankr. S.D.N.Y. Case No. 05-60006).
J. Gregory Milmoe, Esq., at Skadden, Arps, Slate, Meagher & Flom
LLP, represent the Debtors in their restructuring efforts. Luc A.
Despins, Esq., at Milbank, Tweed, Hadley & McCloy LLP, represents
the Official Committee of Unsecured Creditors. Refco reported
$16.5 billion in assets and $16.8 billion in debts to the
Bankruptcy Court on the first day of its chapter 11 cases.
Refco LLC, an affiliate, filed for chapter 7 protection on
Nov. 25, 2005 (Bankr. S.D.N.Y. Case No. 05-60134). Refco, LLC, is
a regulated commodity futures company that has businesses in the
United States, London, Asia and Canada. Refco, LLC, filed for
bankruptcy protection in order to consummate the sale of
substantially all of its assets to Man Financial Inc., a wholly
owned subsidiary of Man Group plc. (Refco Bankruptcy News, Issue
No. 28; Bankruptcy Creditors' Service, Inc., 215/945-7000)
REFCO INC: Files Operating Report for Period Ended Dec. 31, 2005
----------------------------------------------------------------
Refco, Inc., and its debtor-affiliates delivered to the
Bankruptcy Court a monthly statement of their cash receipts and
disbursements for the period from December 1 to 31, 2005.
Peter F. James, controller of Refco, discloses a beginning cash
balance of $323,853,000 during the reporting period. The company
received $129,256,000 and made disbursements totaling
$8,007,000. Refco's ending cash balance totals $445,102,000.
Mr. James relates the Debtors serve as paying agents for certain
non-debtors. During the period, $4,200,000 was disbursed on
behalf of and reimbursed by non-debtors.
Refco paid $1,408,000 in gross wages, of which $1,018 were paid
on Non-Debtors' behalf. The Debtors were reimbursed in cash for
disbursements.
Refco reports that all taxes due and owing have been paid
for the current period. In addition, all tax returns due during
the period have been filed.
All insurance policies are fully paid for the current period,
including amounts owed for workers' compensation and disability
insurance.
Refco prepared the monthly statement in lieu of comprehensive
financial statements.
A full-text copy of Refco's December 2005 Monthly Statement is
available at no charge at:
http://bankrupt.com/misc/refcodecember05receipts.pdf
Based in New York, New York, Refco Inc. -- http://www.refco.com/-
- is a diversified financial services organization with operations
in 14 countries and an extensive global institutional and retail
client base. Refco's worldwide subsidiaries are members of
principal U.S. and international exchanges, and are among the most
active members of futures exchanges in Chicago, New York, London
and Singapore. In addition to its futures brokerage activities,
Refco is a major broker of cash market products, including foreign
exchange, foreign exchange options, government securities,
domestic and international equities, emerging market debt, and OTC
financial and commodity products. Refco is one of the largest
global clearing firms for derivatives.
The Company and 23 of its affiliates filed for chapter 11
protection on Oct. 17, 2005 (Bankr. S.D.N.Y. Case No. 05-60006).
J. Gregory Milmoe, Esq., at Skadden, Arps, Slate, Meagher & Flom
LLP, represent the Debtors in their restructuring efforts. Luc A.
Despins, Esq., at Milbank, Tweed, Hadley & McCloy LLP, represents
the Official Committee of Unsecured Creditors. Refco reported
$16.5 billion in assets and $16.8 billion in debts to the
Bankruptcy Court on the first day of its chapter 11 cases.
Refco LLC, an affiliate, filed for chapter 7 protection on
Nov. 25, 2005 (Bankr. S.D.N.Y. Case No. 05-60134). Refco, LLC, is
a regulated commodity futures company that has businesses in the
United States, London, Asia and Canada. Refco, LLC, filed for
bankruptcy protection in order to consummate the sale of
substantially all of its assets to Man Financial Inc., a wholly
owned subsidiary of Man Group plc. (Refco Bankruptcy News, Issue
No. 28; Bankruptcy Creditors' Service, Inc., 215/945-7000)
SONICBLUE INC: Files February 2006 Monthly Operating Report
-----------------------------------------------------------
On April 12, 2006, SONICblue Incorporated reports that it is
sitting on $78,229,036 of cash, has accrued $685,257 in
postpetition liabilities and faces a $236,604,166 mountain of
prepetition debts.
A full-text copy of SONICblue Inc.'s February 2006 Operating
Report is available at no charge at
http://ResearchArchives.com/t/s?805
Headquartered in Santa Clara, California, SONICblue Incorporated
is involved in the converging Internet, digital media,
entertainment and consumer electronics markets. The Company,
together with three of its wholly owned subsidiaries, Diamond
Multimedia Systems, Inc., ReplayTV, Inc., and Sensory Science
Corporation, filed for chapter 11 protection on Mar. 21, 2003
(Bankr. N.D. Calif. Case Nos. 03-51775 to 03-51778). Craig A.
Barbarosh, Esq., at the LAw Offices of Pillsbury Winthrop,
represents the Debtors in their restructuring efforts. When the
Debtors filed for protection from their creditors, they listed
assets totaling $342,871,000 and debts totaling $335,473,000.
XYBERNAUT CORP: Files March 2006 Monthly Operating Report
---------------------------------------------------------
On April 19, 2006, Xybernaut Corporation filed an amended monthly
operating report for the period ended March 31, 2006, with the
U.S. Bankruptcy Court for the Eastern District of Virginia,
Alexandria Division.
The company reported a $764,381 net loss on $215,478 of revenue
for the month of March 2006.
At March 31, 2006, the Company's balance sheet reflects:
Total Assets $4,394,297
Total Liabilities 6,760,094
Stockholders' Deficit ($2,365,797)
A full-text copy of Xybernaut Corporation's March 2006 Monthly
Operating Report is available at no charge at
http://ResearchArchives.com/t/s?820
The Company's affiliate, Xybernaut Solutions, Inc., also filed its
monthly operating report for the month of March 2006 with the U.S.
Bankruptcy Court for the Eastern District of Virginia, Alexandria
Division.
A full-text copy of Xybernaut Solution Inc.'s March 2006
Monthly Operating Report is available at no charge at
http://ResearchArchives.com/t/s?821
Headquartered in Fairfax, Virginia, Xybernaut Corporation,
develops and markets small, wearable, mobile computing and
communications devices and a variety of other innovative products
and services all over the world. The corporation never turned a
profit in its 15-year history. The Company and its affiliate,
Xybernaut Solutions, Inc., filed for chapter 11 protection on
July 25, 2005 (Bankr. E.D. Va. Case Nos. 05-12801 and 05-12802).
John H. Maddock III, Esq., at McGuireWoods LLP, represents the
Debtors in their chapter 11 proceedings. Paul M. Sweeney, Esq.,
at Linowes & Blocher LLP , represents the Official Committee of
Unsecured Creditors. Craig Benson Young, Esq., at Connolly Bove
Lodge & Hutz, represents the Official Committee of Equity Security
Holders. When the Debtors filed for protection from their
creditors, they listed $40 million in total assets and
$3.2 million in total debts.
*********
Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par. Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable. Those sources may not,
however, be complete or accurate. The Monday Bond Pricing table
is compiled on the Friday prior to publication. Prices reported
are not intended to reflect actual trades. Prices for actual
trades are probably different. Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind. It is likely that some entity
affiliated with a TCR editor holds some position in the issuers'
public debt and equity securities about which we report.
Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets. At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled. Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
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On Thursdays, the TCR delivers a list of recently filed chapter 11
cases involving less than $1,000,000 in assets and liabilities
delivered to nation's bankruptcy courts. The list includes links
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Monthly Operating Reports are summarized in every Saturday edition
of the TCR.
For copies of court documents filed in the District of Delaware,
please contact Vito at Parcels, Inc., at 302-658-9911. For
bankruptcy documents filed in cases pending outside the District
of Delaware, contact Ken Troubh at Nationwide Research &
Consulting at 207/791-2852.
*********
S U B S C R I P T I O N I N F O R M A T I O N
Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland,
USA. Marie Therese V. Profetana, Shimero Jainga, Emi Rose S.R.
Parcon, Rizande B. Delos Santos, Cherry A. Soriano-Baaclo,
Christian Q. Salta, Jason A. Nieva, Lucilo Junior M. Pinili, Tara
Marie A. Martin and Peter A. Chapman, Editors.
Copyright 2006. All rights reserved. ISSN: 1520-9474.
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*** End of Transmission ***