Hey guys - don't over think this -- just ask what you would do if you were in Brenner's chair
Guys, it's not that complicated. AFFY has $7 million left. Probably costs about $1 million to actually file BK. Logical conclusion is that TBG is simply going to drain the money (oh excuse me, earn their hourly fees) until it is all gone besides the amount needed to file BK. This is how it works. The SA article is correct. All signs point to draining the coffers and then BK.
What an absurd notion.....as though there is no entity/board to whom TBG must be accountable. If the board wanted to put it in BK they would have done so long ago. There is value or significant contingent value beyond the cash or any board member of a publicly traded company would have acted to effect very different action than to allow a management group to drain its cash coffers. Yes, "don't over think this" its not that complicated!!!