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XIDE » Topics » The cost of resolving the Companys pre-petition disputed claims, including legal and other professional fees involved in settling or litigating these matters, could have a material adverse effect on its business, financial position, results of operations,This excerpt taken from the XIDE 10-K filed Jun 4, 2009. The
cost of resolving the Company’s pre-petition disputed
claims, including legal and other professional fees involved in
settling or litigating these matters, could have a material
adverse effect on its business, financial position, results of
operations, or cash flows.
At March 31, 2009, there are approximately 175 pre-petition
disputed unsecured claims on file in the bankruptcy case that
remain to be resolved through the Plan’s claims
reconciliation and allowance procedures. The Company established
a reserve of common stock and warrants to purchase common stock
for issuance to holders of these disputed unsecured claims as
the claims are allowed by the Bankruptcy Court. Although these
claims are generally resolved through the issuance of common
stock and warrants from the reserve rather than cash payments,
the process of resolving these claims through settlement or
litigation requires considerable Company resources, including
expenditures for legal and professional fees and the attention
of Company personnel. These costs could have a material adverse
effect on the Company’s financial condition, results of
operations, or cash flows.
This excerpt taken from the XIDE 10-K filed Jun 9, 2008. The
cost of resolving the Company’s pre-petition disputed
claims, including legal and other professional fees involved in
settling or litigating these matters, could have a material
adverse effect on its business, financial position, results of
operations, or cash flows.
At March 31, 2008, there are approximately 200 pre-petition
disputed unsecured claims on file in the bankruptcy case that
remain to be resolved through the Plan’s claims
reconciliation and allowance procedures. The Company established
a reserve of common stock and warrants to purchase common stock
for issuance to holders of these disputed unsecured claims as
the claims are allowed by the Bankruptcy Court. Although these
claims are generally resolved through the issuance of common
stock and warrants from the reserve rather than cash payments,
the process of resolving these claims through settlement or
litigation requires considerable Company resources, including
expenditures for legal and professional fees and the attention
of Company personnel. These costs could have a material adverse
effect on the Company’s financial condition, cash flows and
results of operations.
Table of Contents
This excerpt taken from the XIDE 10-K filed Jun 11, 2007. The
cost of resolving the Company’s pre-petition disputed
claims, including legal and other professional fees involved in
settling or litigating these matters, could have a material
adverse effect on its financial condition, cash flows and
results of operations.
At March 31, 2007, there are approximately 750 pre-petition
disputed unsecured claims on file in the bankruptcy case that
remain to be resolved through the Plan’s claims
reconciliation and allowance procedures. The Company established
a reserve of common stock and warrants to purchase common stock
for issuance to holders of these disputed unsecured claims as
the claims are allowed by the bankruptcy court. Although these
claims are generally resolved through the issuance of common
stock and warrants from the reserve rather than cash payments,
the process of resolving these claims through settlement or
litigation requires considerable Company resources, including
expenditures for legal and professional fees and the attention
of Company personnel. These costs could have a material adverse
effect on the Company’s financial condition, cash flows and
results of operations.
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