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Re: ice_n_ak post# 44642

Wednesday, 09/13/2017 6:54:51 AM

Wednesday, September 13, 2017 6:54:51 AM

Post# of 52837
The more I think about it, the more I realize that this SHOULD be it. Stroock & Stroock where hired to see if there is any chance for a settlement and to prepare it. Mr. Pokitolow of Stroock & Stroock isn't a lightweight attorney, but Cantor Colburn has always been taking the lead and has invested a lot of money by taking this case on contingency base. Mr. Rey is a Bigshot when it comes to litigation. He has been working for Cantor Colburn for over 20 years.
Since CC is the leading law firm in this case representing GERS, they want to claim the success themselves. Also does Mr. Rey IMO.
That's why that since he stepped in, the tone of the Joint Status Report Changes. They just went from a rough (possible) agreement to fine tuning the settlement.
It might be that now it only takes a few weeks. But it can also be a little longer. Mr. Rey wouldn't just be there just to put his signature underneath it. But I think he and CC are in there to WIN. They only want Success. So why step in at the end of the settlement discussions if you might lose it? I think that losing isn't an option. There must be some form of agreement reached already. Of course, things can still go bad if ICM makes a bad move. But I expect the attorney's representing both partners willing to go for a settlement now.

Now why isn't there much activity in trading if it seems to come to a settlement. Can it be related to why there are no filings since CC got in? I think CC has been telling KK to sit back. I think KK is tied to his chair not even able to reach his phone or send an e-mail. He is simply not allowed by CC to do anything that can hurt the case. And also other employees are told not to do anything.
Can it be CC advised/told KK not to file the 10K of GERS and also not the 10Kof Bitzio? Can it be that there is something fishy or just out of order, that has to be fixed first, but not before the settlement is reached because it also can hurt the case?
Maybe that's also putting pressure on GERS to reach a settlement. Maybe they are also running out of time. Like Nobody_12378 said, GERS seems to hold all the aces they would do best to skip the settlement discussions and go on with the trial. But somehow it seems that they don't want that. Why go on with the settlement this long if you are so sure off your case. Either the settlement is leading to a great result for GERS, or there is some reason what so ever for GERS that makes it a problem to go to court. If there is something fishy, could it be that the court would find it out, and that that would harm GERS position?

Just a few thoughts... wink