Before too much of the wrong information gets out... let's get the facts on the table regarding a deadline scheduled for 9AM this morning:
CART doesn't have to agree to anything. Obviously, the results of this would be the end of CART.
This morning's date is relative to the BOD approval of the new OWRS plan.
The agreement signing with OWRS has to occur before Friday this week.
Then CART is reponsible for filing bankruptcy papers and the asset sale as soon as "practicable".
We might not see ANY press release or SEC documents til after the agreement is signed with OWRS later this week... if they don't do it today.
btw.. once the deal is signed OWRS provides financing regarding the liabilities.