Audited Statements of Net Assets in Liquidation and Changes in Net Assets in Liquidation. At December 31, 2016, the Company reported audited total assets in liquidation, total liabilities in liquidation, and net assets in liquidation of $14.6 million, $3.1 million and $11.5 million, respectively. Assets in liquidation at December 31, 2016 included the $8.1 million related to the investment in the defaulted repurchase agreement purchased through Pennant Management, Inc., and cash and cash equivalents of $6.2 million. Liabilities in liquidation included $1.9 million for accrued liquidation costs not yet incurred but to be incurred through the completion of the liquidation process. With respect to the period subsequent to t…
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