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Years ago, UV Industries (UV) issued debentures at low interest rates such that the market value of the debentures was less than their face value at the time the lawsuit in this case was initiated.
UV had three subsidiaries and developed a plan to liquidate by selling all of its assets including the subsidiaries.
She was Amazed and In Awe of the Beautiful energy permeating these doings today – inside the court room and out!!!!
Reminded Everyone that she is doing what she is doing now so that it will never have to be done again!!!
On March 29, 1979, UV sold one of its subsidiaries for $345 million in cash (part of which was distributed to its stockholders).