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Thanks, I keep looking it up by PSI, and kept coming up with medical test.
Yank,
I thought it was a typo for PSJ's report. I know how to use Google and would appreciate if you leave the condescending attitude for someone else.
What is a PSI report?
The judge didn't have a problem with that in the first confirmation hearing so we might be wasting valuable time. We know that no claims have been valued since the start of the bankruptcy.
But can the GSA still stand? We would be right back at the point we were at in Jan if its the same outcome. Only the P's & K's would be trading much higher.
So basically the defense is: The SNH were allowed to help with the negotiations (so no hijacking). And I am assuming the EC was not invited because we were deemed to be out of the money.
If the SNH had permission to do what they did, it doesn't excuse the trading on the info. The hedgies blamed the material info on the debtor and said they were giving permission to trade.
Is this good enough to let this fly is the question.
BGP, How do you figure that?
700 mil would be left for all P & K's, I think its less than that.
First mention of Boli since hearing started. In JPMC objection to the EC on 7/7, they said clearly they dont have those assets. Now the terms sheets show them dividing them up.
This isn't even a fight, this is a legal BEATDOWN. With consequences unknown.
I can hear the hedgies in jail now..."EVERYTHING IS SO...STICKY!!!!"
(If you know what I mean)
Not trying to be nosy or anything but what other cases are you following?
Are you kidding? Oh...you want the guy to have a nervous breakdown on the stand or something.
Dan is doing great.
Dang....were getting further with this guy than the last.
He's not acting like he has amnesia either.
I thought we were trying to show they highjacked the negotiations?
This is a setup for IT. I haven't heard anything about them taking over the negotiation process.
And we have the lawyer for the FDIC promising to sue to the Supreme Court if the 4 bil was returned. And all this time it looks like the plan is to force JPMC to give up the funds.
If we make it to DC, the preferreds would skyrocket. Because that means the hedgies would have been dismissed. We would be in charge of the estate and everyone would be suing Rosen's firm.
Maybe they could've offered more of the new company? I mean TPS has more invested than the 4 hedge funds combined. Why would they want to take a small stake in a new company with no true controlling interest?
I'm confused on the point of all hedge funds being treated equally. I thought if one was guilty then all claims could be disallowed. But now it seems as if they are being separated by guilt, which could reduce the amount of money disallowed.
Anyone else seeing that?
Mordi, good thoughts. But how can the SNH settle? They can only get pushed out the way.
WTH!!! I take a extra hr for lunch, and somebody died? Halting everything? Which lawyer was it?
My condolences to the family because I hope no one would be stupid enough to speak something like this into their life.
A thought...IF the SNH are holding short positions (NSS) and get their claims disallowed and possibly fined for wasting the courts time.
Well...you finish the thought.
To bad we dont have someone sitting outside that door to check them out.
The SNH already tried to offer us some table scraps. This is about to change the fortunes of many here. I'm not pumping, but I actually called up a friend who works for Wachovia to explain to me is NSS had to be covered even if they changed the stock symbol and reorganize, and he said he believe they do, but if the new owners of the reorg'ed company were the one's shorting it. It wouldn't harm them.
Thanks Go, I don't think everyone understands how important this is to establish that the company is not being "runoff".
If we can prove its not being shut down, that's the end for Rosen and company.
Who would we see a POR 7 from? The EC doesn't have enough info to verify everything to put out a POR....But now that I think about today's hearing, neither did the debtor.
At least we have a valuation to go from. We'll if everything is being shot in the dark. We might as well go for it.
I thought Blackstone did a valuation for the debtor. wasn't that one of the exhibits the debtor filed?
Where is the 160mil value they're basing everything on coming from then?
Dont worry, we got a valuation you can use.
Fish,
I thought the NOL's from yesterdays testimony were 23x35%x35% which would = 2.8b roughly.
I saw this on the this board yesterday, was that wrong.
Court records also indicates that these settling parties were brought in by JPMC to make it seem as though there was more than one settling party. So basically the settlement was a shame to push out all of equity. Probably has something to due with the NSS issue that will cause extreme pressure on other parties if this GSA isn't passed.
On to today's events.
Anyone know when someone from Solomon will testify?
Are we going over more NOL's today.
I haven't seen any agenda.
Thanks
What happened in Coram? This is My first bankruptcy and last.
From Observer on Y RE: Reinhold testimony
By the way, the NOLs and 269 issues for Adelphia and National Energy that Art asked him and he didn't know; those are his cases and they are on his website.
http://www.willkie.com/RichardReinhold
When did Chase pay Wamu 6bil? And wouldn't that be our own money if they did?
How can we have a public confirmation on private info?
I wonder if it would all come from under seal at the start of confirmation? How can you even talk openly about anything under seal?
All of this is confusing, but hopefully they pay for silence too.
I dont know about any more NOL's, but I thought he was pushing because of the appeal of F&R. Appeals start popping up 6 months to a year after their filed. Just like Anico. And it seems like courts were waiting on the supreme courts ruling.
And since Feb, there have been 3 or 4 rulings that have hurt the FDIC's authority and effectiveness to seize holding companies.
Rosen must move forward now and get F&R to stand.
Solomon's report?
Can anyone find it in the exhibits to be presented?
Will it have to wait till DC if we make it there?
It looks like the plan is to get the hedge funds dismissed and
go on NOL value with BDO's info.
Is third party info allowed in a case like this?
Gold,
You've had some fly's on the wall in the past who ended up being sprayed with RAID....are you sure about this?
Diamond,
I just don't believe we are at that point yet.
I think we need to first focus on the value of the new company, In regards to:
Value of Hidden Subs
Value of the Releases
Value if FJR is applied
Value of the NOL's if they can be used towards the new company
And if the judge is going to cancel some of the SN claims
If 3 of the 5 go our way, then you can put more coal in the engine, because I'll jump on that train full speed ahead.
Can this be done in 6-8 weeks?
Also add the info from the congressional report that said the
Wamu seizure was a Mistake!!!
I was hoping to see the FJR vs. Contract Rate decided before 6/6.
That's alot of time between Mid April and June.