Quote:
Originally Posted by CedarMeter
So let's say someone invested 25 grand into this company. What are the chances of them getting their money back in this type of situation?
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Their projects are all so separate, and the investment vehicles were different for the more recent ones, so it's hard to say. At the end of the day, have a look at the land value of the project, the secured creditors ahead of you, cut the value way down because it's close to a fire sale situation, and then add in professional fees (there are three big law firms plus E&Y already involved). Your land value better be pretty solid for a return to be expected.
Getting back even a fractional amount would likely be a win.