Mediation=Forced settlement=Exit chapter 11 early January 2012!
For all practical purposes the Judge ordered a settlement and has indirectly or maybe even directly informed Rosie that any settlement has to include Equity since THEY ARE at the table. Earlier in this case, Equity was gurgling and almost drowned and now Equity is swimming aggressively against the tide and now the Horsies are gurgling and the Judge is very close behind them and she knows it. Just about every major item she ruled on is wrong. She knows this and would no doubt be overturned on appeal, hence the only real reason IMHO that she denied this POS POR 6+ in order to KEEP control to effectuate a settlement. Now the Judge may play a little hard ball with ALL players and if they do not play aggressively and/or seriously she will cram them down one way or another. This Judge has the Supreme Court watching her every move since she gave them the finger and she KNOWS she has to get a settlement. IMHO, if she has to she will still sting her beloved Rosie and JPM before she destroys her own legacy, which she is very close to doing on her very own.
I am very interested in seeing what are very own mad man, Starke who has absolutely nothing to lose is about ready to file. This should be very good unless the Criminals have threatened him and his family directly or indirectly. It would seem to me the Horsies would now align with Equity to come up with a new POR that probably would not include releases for Rosie, exit bankruptcy and have the right to continue to go after the Criminals. The Judge would not prefer this but before she destroys her own legacy something similar WILL happen. Equity is in the BEST position and every week that goes by we are just getting stronger. The Horsies will learn to share as opposed to losing everything and going to the Big House anyway. This just makes sense and by the way one should do this sooner than later and oh my, how these phrases sound eerily familiar, but only now has a GREAT ring to them. Not to worry folks, I feel we are very close to having a plan in place and exit chapter 11 in early January, 2012 with the NOL’s at the MAXIMUM value!
