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Seitel, Inc. (SEI) Message Board

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  • m2bq m2bq Jan 8, 2003 5:45 PM Flag

    Woe is me

    The 24th is 3 fridays away. Dec 11th was the date they submitted. They have been down this road successfully before. There are no assurances but the probability is very good for a successful agreement. I am just as anxious as anyone, but ? they obviously have not hammered out the details, or the lawyers "are watching their $clock grow.

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    • "They have been down this road successfully before."

      This is the first time they have actually submitted a reorganization proposal. All they've done in the past is get extensions to avoid going into bankruptcy. The time is now up and the had bargaining is underway.