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Steven Sues
Steven Sues was appointed CEO of Level Propane after it was placed in bankruptcy by the Bank Group. He cooperated with the Bank Group to decouple the customer database and the customer leased tank database so that the customer count would be frustrated. He fronted the decision by the Bank Group to recharacterize the tank leases to Level Propane, to further secure the Bank Group’s domination of the bankruptcy proceedings. He cooperated with Richard (Dick) Anter in setting the policy that customers would be counted by those who received deliveries and paid for them within the November, 2002 and April, 2003 timeframe, thereby concealing 40% of the customer base. He determined that the number of gallons of propane purchased by Level in the 2002-2003 heating season was proprietary information, thereby frustrating the due diligence of any prospective purchasers. This effectively directed the going concern assets of Level Propane to Eaglerock Propane in the April, 2003, auction, by narrowing the bidders to three, one of which was Eaglerock, and the other two amounted to offers of short sales.
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