http://www.advocate.com/news_detail_ektid41904.asp
"(Stephen) Green already has advanced $250,000 to Air America's current lender, Democracy Allies LLC, established by the network's shareholders to keep it afloat during Chapter 11. The papers state that Air America will run out of cash and further borrowing authority by February 15, "and consequently will have insufficient monies to continue to operate thereafter absent a sale of the business."
I think a hearing was due to be held yesterday. Green may have to pay more money to Democracy Allies
to keep it afloat should a deal not be approved by Thu.
"(Stephen) Green already has advanced $250,000 to Air America's current lender, Democracy Allies LLC, established by the network's shareholders to keep it afloat during Chapter 11. The papers state that Air America will run out of cash and further borrowing authority by February 15, "and consequently will have insufficient monies to continue to operate thereafter absent a sale of the business."
I think a hearing was due to be held yesterday. Green may have to pay more money to Democracy Allies
to keep it afloat should a deal not be approved by Thu.