The place God calls you is the place where your deep gladness and the world's deep hunger meet.

Friday, August 28, 2009

BDO Update

The restructuring proposal documents have been drafted during the past two weeks. They were reviewed with the Inspectors during separate meetings. The last meeting was on Friday August 24th in the afternoon. The revised cash flow projections are being worked on for completion early next week considering final comments from the Inspectors.

The plan is coming together well as we try to address all scenarios for the creditors and families. The proposal documents should be signed and finalized and delivered by the end of next week. We realize that this is one week longer than anticipated at the July 30th creditor meeting. There have been several variations to consider to ensure that all issues are identified and addressed. We hope this extra time will ensure that the information is clear for your review, understanding and acceptance. We appreciate your patience.

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