The Diamond Netwert decreases with the bankruptcy edge

The net assets of Diamond Comic distributors have decreased by over 2 million US dollars in the past two months in the past two months, according to the operational reports submitted to the court. The operational reports were submitted late after the insolvency administrator had submitted an application last month in which the judge was asked to convert the case from a reorganization of Chapter 11 into a liquidation in Chapter 7, citing Diamond's monthly reports for the submission (see “Trust movements”).

At the end of January (Diamond, submitted on January 14th, see “Diamond files”), the net assets of the monthly report was $ 2.527,866. At the end of March there were 269,300 US dollars. The ongoing losses together with the costs of bankruptcy (see “Mount Diamond Fees”) make it difficult for the proceeds from the sale of alliance game distributors and the other Diamond assets (see “insolvency court rules”) in order to cover the full liabilities of the company.