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Notice that Rocktenn is on the exhibitors or sponsors list? More good exposure.
Seems to be a solid company.
Some people think bankrupt companies are worth a gamble. Look at the great results of the WAMU bankruptcy for shareholders (a little sarcasm).
All I can say is, Don't mess with Texas!
I didn't post it, check post 44128 for the poster, I was just responding to some other posters who were trying to figure out that post.
LFG is also a stock symbol for LandAmerica
A little levity. It is aproaching our target, albeit at snail's pace, LOL
I agree to a large extent. However, I also think that something must have been revealed in the Aurelius depo which gave the hedgies pause and brought them to the table for this prospective settlement.
That is simple but I will simplify it for you even further. Wishful thinking, Pollyanna and rose-colored glasses, LOL
Slowly approaching full value for the P's.
Thanks, Nascow and Joe Pick. I would much rather have cash on the barrelhead than a pig in a poke. I'm surprised that EC would agree to such terms, this term sheet seems very speculative to me. If we indeed had them by the b.... as some posters stated, I wonder why we would cancel depos and settle for such terms?
I have read most of the posts but not all. Where does it say that our P's will be converted to commons in the new company? Or is this just more speculation? I think that preparing for the worst and hoping for the best, as stated by one poster, is our best approach, based on the past more than 2 1/2 experience with this stock and our adversaries.
Ah, the Tremeloes, underappreciated greatness. Maybe we could revive their careers by some connection related to PVSP marketing?
On second thought, your post makes a lot of sense. I don't think that home-based was in JBII's plans anyway. They will have more than enough on their plate with big commercial customers.
YW, thanks for all your ideas and organization.
Miniature versions of the 20 ton processor that could be used to make oil to run lawn mowers or other petroleum using devices, including your car. This could be done very easily, like separating your trash for recycling. I don't knowif it is practical for JBII, but it is something to be considered and could have a huge market.
Thanks, I'll check it out.
Javaco hasn't been mentioned for quite awhile, unless I missed something. I think the concept of in-home miniprocessors could be a big winner after the commercialization of the large processors is underway.
I didn't hear that , who is it and when did that happen?
Excellent and comprehensive set of questions. There are too many to be answered, so maybe you could consider putting them in the order of most importance. Then at least some can be addressed and answered, rather than missing some of the important ones in the likely time available.
I don't know about Javaco, whether it can even be sold. It is my understanding that Pak-It makes the catalyst and therefore is invaluable for the P2O.
Good point, thanks.
Thanks for your prompt and thoughtful response. Makes sense.
Good post. We are not going to get blood in this case or see people going to jail. After this experience with the judicial sysstem, I don't see reason for much optimism in future litigation. It is very risky, although I strongly believe that we are in the right and should be compensated accordingly. In this case, it seems like the EC felt that half a loaf (that is being very generous) is better than none. Hopefully, we will get more in terms of further offers than the new POR will allow for.
I know that money is an issue, but I wonder why they don't hire even a part-time marketing or publicity person to spread the word? I think it wouold be a very good investment and the money could be spent prudently and judiciously, rather than wating for CNBC, etc. I believe that those will come in time but can be expedited through active marketing.
Bet, thank you for your efforts and courage. You are a stand-up person and a real asset here.
No, I did not just read her post, but I have now. I don't know what you mean by SG having this wrapped up tight enough. That could mean that they comletely agree with signing off on what I believe is a bad deal for us shareholders, or it might mean that they have wrapped up a much better deal. LOL
Question for the board. I saw that the tentative agreement is between the debtors and the Official Committee of Equity Security Holders? Is that our EC or does it represent the creditors. The reason I'm asking is that I saw the name of a lawyer, Mr. Bowden, who is supposed to represent that committee, but he is not a member of SG.
How about giving JPM 80% of the tax losses, is that a good deal also?
I don't understand some of these articles, it sounds like they are jumping the gun. We haven't reached any deal, I don't believe that the shareholders have agreed, and it hasn't quieted this shareholder's protests. The deal as reported doesn't sound good at all to me, it's just a first start and nothing compared to what we deserve. I understand that settlement involves compromise, but this deal is unfvorable to us. However, we have to await the details and SG and EC next move.
IMO, the most important word is TENTATIVE. This is a first offer, and BR has tried to hurry the case along before, several times. I think that the terms are grossly inadequate, and believe that SG and the EC will hold out for much more favorable terms. I'm glad to see that it appears that commons are included, and I think that we are making incremental progress, but based on previous behavior, it is hard to trust our opposition.
Thanks, Mordicai, I follow your posts with great interest and respect.
Hes, I am not clear as to whether or not an actually settlement has occurred. In my understanding, WMI and creditors agreed to it, but I saw nothing about the EC or SG agreeing to it.
Good point. I don't think we have the final settlement offer, by any means. I trust that SG will play hardball, as they should.
No one hopes you are right more than me.
A big thank you to Bet, Joe Pick, Ilene, Don, Ben, and many posters on this board for all you do. You are much appreciated and respected for your perseverance, courage, research, responsibility and continued optimism.
I'd gladly have the shareholders spend it on Susman Godfrey, but I still think that $25,000,000 won't be nearly enough. He didn't take this BK case on contingency, but he might take the future case on contingency. We would still be responsible for costs, which could be sizeable. Hmmm.
Sorry, one too many zeros. I meant $25 million.
I haven't seen any posts regarding the $25,0000,000 offered for future litigation. IMO, that is a pittance. We would be going against JPM, which has huge funds to delay, stall, and prolong the litigation into a war of attrition. When you see the bills coming from the lawyers in the BK so far, I think it would take hundreds of millions, if not more, to fight JPM and the FDIC, with several years of litigation and possible settlement on the courthouse steps in several, if not many, years down the line. I don't think it is wise to count on necessarily good results from such litigation, even though I believe that we are in the right.
Better not to get too high or too low with each bit of news, but it definitely looks like we are progressing. We are more in the catbird seat now, and I hope the EC doesn't settle too fast or cheap. Also, litigation against the likes of JPM and FDIC is no walk in the park, not a guaranteed result, and could be very long, drawn out, and costly. For now, it's obvious that several important entities are scared, and we have a great deal of leverage. I hope we see significant cash upfront as well as the other apparent goodies. We deserve it after the way we've been treated and toyed with.