EdisonReport has just received a copy fo the Notice of Selection of Highest and Best Bid on the Debtor’s Assets. GE Current, a Daintree Company has been bidding against Lumenwerx and GE Current has raised their bid to $1,318,300. The document states that the $1.318,300 is net of the break-fee and due diligence fee $1,210,000.
The actual sale hearing date is set for 14 OCT at 10 am. Closing is set for not later than 29 OCT.