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A comment on Judge Refuses to Allow Sale of Infowars to The Onion. Parent comment

Re:Judge Refuses to Allow Sale of Infowars to The Onion by jasonlotito on Wednesday December 11, 2024 @10:30AM (#42388736)
> This is probably the correct decision.

It is 100% not. It makes fewer creditors whole. Simple as that. It's worse for all creditors involved, as per the creditors. Any suggestion that this is "correct" or better is out of ignorance or deceit.

> The other creditors are far better off getting more cash

The nature of the original deal guaranteed the other creditors got more money than they would from the other offer by $100,000 more. Suggesting that they were getting less is ignorant.

> the onion gets to buy this website for no money.

Again, the Onion was spending real cash.

At best your are completely ignorant of the deal.

[ Parent | on HN ]
Re:Judge Refuses to Allow Sale of Infowars to The Onion by shkkmo on Wednesday December 11, 2024 @03:17PM (#42392411)
It's correct if there's a new, open auction that does even better than the current Onion offer.
[ Parent | on HN ]
Re:Judge Refuses to Allow Sale of Infowars to The Onion by pyrale on Wednesday December 11, 2024 @05:17PM (#42393640)
...But then, why not cancel that new auction too, in hopes that a third auction will yield even more?
[ Parent | on HN ]
Re:Judge Refuses to Allow Sale of Infowars to The Onion by _djo_ on Wednesday December 11, 2024 @05:37PM (#42393824)
The judge ruled out holding a new auction.
[ Parent | on HN ]