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Re: Congo Mining post# 1192

Sunday, 07/24/2016 6:12:28 PM

Sunday, July 24, 2016 6:12:28 PM

Post# of 4800
Maybe you'll outline the events U monitored/send to Judge Bernstein, who must've found some evidence to make him put the burden of showing up in person on the Management and their reps and associates, lawyers --

in the interest of fairness, whatever your personal investment status.

Personally I'm not "pumping" any investment or not but those who've been holding for some time and given no warning got a bum deal.

There WERE some presumably independent newsletters/ blogs that speculated a BK could happen, but they mostly stated that the company's reserves would tide them through it -- but sounds like Management/ EIG want to use that money to buy out company themselves, anyway they're sure not doing their legally required fiduciary duty to look out for the interests of common units.
(Preferred are too far down the line in their opinion, too.)

When Washburns' lawyer stated in his letter denying the need for Equity Committee he admitted they determined such units had no value and yet, in the same letter, claimed to fairly represent them too. If ever there was a clear contradiction...!

Their side clearly decided there was no value to such units before the hearings even started so it was all moot to them.

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