more BS
In the latest communication, the company 'decided' NOT to pay the April employee medical premiums (due 3/13)to CIGNA even though a earlier communication on 3/13 indicated they did! They claimed they were evaluating going to a different provider for the new holding company. A lot of BS as it would take more than a week or two to transition all employees to a new medical provider without causing a lapse in coverage. Behind the scenes, the creditors are blocking the asset transfer and financing for the new holding company. They issued this second communication ONLY because CIGNA will be sending out plan termination notices to the employees. Obviously the 'new' guy Pinkas is just as big a liar as Campbell.