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  • maxdad01 maxdad01 May 15, 2013 1:56 PM Flag

    FYI...Brenner's profile

    The challenge for financially distressed technology companies and their constituencies is to fully understand the range of outcomes that can occur given their circumstances. With The Brenner Group providing restructuring guidance, clients can better appreciate their options, prioritize them, and drive toward the most attractive scenario while preparing for downside eventualities.

    We lead the restructuring project:

    The Brenner Group is often retained effectively as the Chief Restructuring Officer (CRO), serving as the restructuring expert for the board, creditors, management, and shareholders. The Brenner Group initially assists in evaluating options and devising a plan, and then we champion the necessary restructure work through to completion. The Brenner Group can act as both an advisor and, when necessary, an official member of the management team (e.g., CEO or CFO). As part of the restructuring process the firm can also lead an M&A or Asset Sale transaction.

    The Brenner Group provides the operating horsepower to ensure the company is properly managed through the entire restructure process. We work side-by-side with and complement company counsel and insolvency specialists.

    The Brenner Group difference—restructuring experts:

    Because technology companies rarely include senior staff with restructuring expertise, it is prudent for distressed technology companies to retain The Brenner Group. We have the necessary experience and are uniquely qualified to advise on technology restructuring options, to co-develop an appropriate course of action, and to lead any scenario through to its full conclusion, which can often take in excess of one year.

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    • Maxdad. You forgot to mention The Brenner Group is an expert at corporate bankruptcies. Here is an excerpt from TBG's PDF on Strategic Options for Technology Comanies:

      Depending on the situation, the company may implement its work-out plan in court (e.g., with a Chapter 11 bankruptcy filing) or in an out-of-court settlement. Out-of court work-outs are often faster, more cost effective, and more predictable, but will need the agreement of all affected parties.

      If no turn-around strategy can be developed that keeps the company – or parts of it – as a going concern, the company will need to assess different liquidation scenarios, be it an Assignment for the Benefit of Creditors (“ABC”), a Chapter 7 bankruptcy filing, or an orderly corporate dissolution.

      In fact, TBG's Profile leads with its bankruptcy expertise.

    • No action can be taken until news is out on how good or bad omontys is.when is that.

 
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