He didn’t walk
Away with nothing if fanatics took up any debts pwcc had. I have heard everything Peter posted is true. If he had let it go under he’d have lost more than selling it for a buck and having them assume all debts. It’s not the first time a deal like this has taken place in this hobby. One of the boards favorite conpanies was acquired in a similar fashion. Letting it go under would have cost him more than he could lose from everything I hear from people that know the principles and are familiar with the deal. I don’t know if it’s true for sure but it is absolutely what I have heard.
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