SQEEEZE THEM HARD!!!!!!!

Good strategy, if we buy them before MM's can, then they are even more screwed, nice.

No one buys 100 shares - to me that's a signal MM's need shares.

Our own lawyer - great, thanks.

Possibly MM's selling low to eachother intentionally to shake some loose shares. NOT going to work.

With the surge Friday/Monday, all the biblical confirmations this week, combined with points # 13 & 14 from Docket 383. We know it's possible and more of us at least believe it's happening.

When this pays off, I will be in the front pew at my local church every Sunday. Hat's off to all the posters who've mentioned they really want to help others, family members etc in need. You will be able to.

Do we think Cohen and party is our MR BIG?

With the volume on Friday / Monday, someone knew something before we knew. Can't wait to schedule the celebration party.

Docket 383 - looks like they're staring to fight with eachother. Good for us.

Sparkoneup or Sparkyourselfonfire

But seriously, from the article. "In a lot of these large restructurings, because they're vested company types of issues, we'll litigate and make new law on a lot of issues," Seligman said. "It's satisfying when you are a part of creating new law and using that legal result in the next case."

They may have something planned that we haven't even thought about that will save commons.

http://www.kirkland.com/sitecontent.cfm?contentID=230&itemId=9686

David Seligman - Mikie's first cousin?

True but the article is dated 3/18/11. The same day we had a surge in Cors buying. Someone knows something.
To me, "Seligman has worked with gaming industry players as well, representing Tropicana Entertainment LLC in the Chapter 11 proceeding it filed in 2008, and in the financial services world is currently one of the lead Kirkland attorneys representing Corus Bankshares Inc. in the bankruptcy it filed in June."

to put that on your company's website, is like taking out a front page ad on the Wall Street Journal, saying he's got something to prove, he's going to turn this thing around into something big.
http://www.kirkland.com/sitecontent.cfm?contentID=230&itemId=9686

David Seligman - a partner @ K&E, considering his hourly rate of $885 and his skillset, I don't think he'd be involved if it was simply a POL and over.
http://www.kirkland.com/sitecontent.cfm?contentID=230&itemId=9686

Docket 382 - $11,239
Docket 370 - $26,727
Docket 315 - $19,293
Docket 255 - $34,603
Docket 221 - 33,807

From Docket 381 Point #6. Is there the chance that the exclusivity period does not get extended on Mar 31 and then the POL is null & void?

Appears MM's trying to weed out those that don't believe. I'm holding, without a doubt.

It was exciting though, now I think it's wait and as the fuel get's to the top (our assumption proves true) BOOM, the upward explosion!

Very true, some great discussions and will be even better when Cors turns out as we assume.

Nice, thanks for sharing.

Feel like I should break out into my rendition of "Amazing Grace" but I'll spare your ears. Seriously though, I believe that God does guide. Great discussions today, thanks.

Completely agree with planned long before even filing BK

Wow, a great testimony along with the other one. You will be rewarded for your faith.

Good point but the Docket is so carefully worded that I don't think we could draw any concrete solution. 13 parties reject the plan, Tricadia wanting minor changes, Cors receiving $ from undisclosed assets, exclusivity period expires Apr 1.

All makes for the great DD and discussions we've had thus far and to each person's contributions, wow great work. I think we're either in or out, but my gut feel is the final answer is just around the corner.

Amazing article, thanks for that. Everyone should read it.
I agree with Billiam that the bankruptcy exceptions Section 382(1)(5) is what Tricadia is or has already set up.

I think he means debt/equity swap, no baggage to weigh the company down.

Just read that post. You haven't been wrong so far.......

I'm convinced MM's are running low - would love to see them get squeezed.

Hey thanks :*) (wink) just trying to copy Mikie's logo - what ever the hell that is - I think a smile or something like that.

Possibly, but thanks for the feedback, noted for future, thanks.

There's a couple market maker signals, they need shares.

Penny traders believe that Market Makers (MM) will "signal" moves in advance buy using small amounts of buys or sells as "signals". The "signals" are such a small amount of shares (worth no more than 5 or 10 dollars) that no trader would have paid a commission that costs more than the amount of shares bought. The "signals" are from one MM to another.




100= I need shares.
200= I need shares badly,but do not take the stock down.
300= Take the price down so I can load shares
400= Keep trading it sideways.
500= Gap the stock. This gap can be either up or down, depending on the direction of the 500 signal.

http://www.charlesd.net/showthread.php/1199-Market-Maker-Signal-List

Could be partial short covering, but I think someone knows something and is gathering, then new people will be gathering some.

I don't think Tricadia would get involved to simply make a small return, there is something bigger happening. And with the discussion on Corus having some assets in Escrow, just makes everything tilt the scale closer to our assumptions.

Anyone wondering about Docket 380, if they only have cash of $28 million, how are they also generating $967 k in Ardid-Mint Loan Participation Payment? Do they have more than we assume?
http://www.bmcgroup.com/restructuring/DocView.aspx?ClientID=231&DocNumber=380&CaseNo=1-10-bk-26881

When you google "'Ardid-Mint Loan Participation Payment"
you come up with various articles like following:
http://www.miamitodaynews.com/news/101021/story2.shtml

Why would Corus be getting money from this?

LOL, let's hope so.

Once the docket comes out confirming what we assume, and our assumption is correct, I would say instantly the stock goes to $7/$8 per share specifically b/c of the only 53 million outstanding and the past mentioned calculations of shares being held etc.
I think once Tricadia was mentioned as buyer some investment firms or bigger investors decided it was time to get in.

Docket 380 - anyone have ideas how they generated 967k in revenue reciepts?

They're doing it how they do it....on the discovery channel.

Great news but how are they doing it?

Docket 380, there's more going on. How do they generate 867k in revenue?

Nice find, possibly planned long before original bk filing, as others have mentioned.

Mikie - I don't think you'll tell us how you knew, but again, you were right!!!!!!!!