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Not really. He got booted out with nothing


Not really. He got booted out with nothing  

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Author: Do the math.   Date: 6/7/2019 6:16:41 AM  +11/-0   Show Orig. Msg (this window) Or  In New Window

He owned 72% of the company stock Pre filing. PHI was always a private company masquerading as a public one. Big Al ran the show with no checks and balances. At many points in the past the company was worth as much as 750 million. He also turned down many offers to to sell out Over the years. Shortly before the filing he borrowed 75 million and put 130 million of his own money into the company in an effort to hold on. His relationship with his creditors was contentious at best. At one point he was offered two seats on the board, a piece of the company and a presence in the new org going forward. He refused. He was given his 130 million back and shown the door. Net effect is he walked out with a net of zero. Stubborn is as stubborn does. All public info. Read, learn, post less BS.

 
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PHI +0/-0 Big Al 6/6/2019 7:55:17 PM