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Yup I'm still around reading every post and lurking...
Thanks!
is this the version the judge got or is this the toned down/watered down version we get cause most of the juiciest stuff that was filed under seal were taken out?
thoughts. Thanks still reading...
Now back to lurking!
During what part of the hearing did the judge make her comments about putting the SNH and debtors on notice?! was it later in the day, is there a time point, or reference point that is available so that I can go back and re-listen.
Thank you.
Back to lurking
yes finally caught up...
OMFG is everything going to be under seal, even there introductions tomorrow morning!
WOW now connecting the dots. Does this mean that the reference Sarge alluded to that the $4 billion on every term sheet was always coming back to the estate was his way of saying that everything reported to the court was a lie and that upon confirmation approval the money would be returned after releases granted.
So not only was the money held hostage as a form of ransom for release, which the money would have only benefited SNH/Debtors, but it also served a very distinct purpose in keeping equity out of the money.
WOW almost ingenious.
Okay back to lurking!
TPS objection is nice from the tidbits I've read so far in the posts. Will take sometime today and force myself to read it all today.
With that said I think the EC and TPS are on the same page but attacking at different angles simultaneously. I think the EC is going for the jugular with all the evidence of wrong doing re IT and making the case for the value of the Estate and releases, while TPS is focused on bringing to light the recent rulings, case law and ensuring the court remains in check and check Rosen's arse at the door with any BS or trickery. IMHO this looks like a great strategy, whether it's intentional or not.
Okay my dumb butt is going back to lurking! :)
WOW...and what goes around comes around. Except, this will expose what we all presume to be the dier coniditions that JPM is in with regard to capital and exposure. You may have gotten away the first time by stealing WAMU to prop JPM up, but these new capital requirements could be JPMs down fall.
Just my 2 cents.
Back to lurking!
Catz I think A, B, & C were highly plausible and likely. I think we may have interpreted the Courts standing on the issue differently. I did not think she neutered or said anything to indicate neuteringg TPS request for the 30(b)(6). Moreover, the filing was not late, evident by TPS comments at the last hearing. They indicated the filing and request for discovery was made in line with their objection which was made some 5 weeks ago. the delay in hearing on the request lies directly with the debtors who have yet to provide a list of witness in which the depositions could be finely tuned to. if you ask me I think this was intentional to push back a targeted filing by TPS and make it seem as though there request was late. But the fact that it is in line with their objection and with regard to what the Debtors indicated they would be focused on for confirmation of 6.5 it kind of makes the lateness point/argument moot. Mix into the equation that no one knew with any certainty that 6.5 was going to move forward until a week and a half ago, which was coincided with TPS request, its hard to argue that its such a late request. So IMHO I think the judge would have allowed the motion and allowed TPS to hold depositions of WMI prior to confirmations.
Further, the judge assumed they were late filed objections as rosen was making his case. But once TPS stood up and clarified the issue she seemed no longer in agreement that they were late filed depositions as she would have alluded to after TPS made its point. Instead she simply said she would hear the arguments and make an decision. Why if you are TPS would you not go forward with this avenue instead of cancelling depos all together based the threat that Rosen could quash it. IMHO that's not their MO.
But I can totally see your perspective, I just think based on that exchange and TPS MOs they would have fought to get these depos in before confirmation vs just cancelling them out of fear w/o any sort of incentive.
back to lurking...
Catz, I was inclined to agree with your logic on this, but then I read the exchange in it's entirety and the fact that the judge said she would rule on this after the Brown and Rudick reaffirmed their position on the 30(b)(6). The judge indicated that the debtors would file a motion to quash and TPS would file a follow up motion and she would decide. As such I think the logic of TPS feeling that rosen could quash the motion with some assumed underlying support of the Court was not enough to get TPS to cancel.
Moreover, in this case I, nor anyone else for that matter would agree that TPS has been passive aggressive in this case. In fact, myself and others included would be inclined to say that they have been the pitbulls, (well at least in hearings) in this case. So for them to simply cancel instead of having the judge rule and without having seen a Motion from the Debtors objecting (maybe I missed it,if so the first point and my last still stand) and their counter to the debtors objection (this has not been produced) goes against their MO in this case.
So personally, I think there is something much more to this cancellation than meets the eye. I'm not going to speculate, but based on the facts and the way TPS has proceeded in this case IMHO it is doubtful that the reasons you listed serve as the basis for the cancellation. Although you do point out that TPS could have been scared that it would not have gotten taken care of before confirmation...I do believe there issues and line of questioning under 30(b)(6) were in direct relation to the plan of confirmation. Actually it was if you read their argument. not to mention there would have been plenty of time this week for the judge to hear arguments this week and make a ruling well in advance of confirmation...and enough time for TPS to actually depose whomever. Remember the judge had free time this week as this week were the original dates for confirmation anyway. Considering that the EC indicated that they could depose and be prepared for a confirmation hearing in a matter of two days, leads me to believe that TPS may very well be capable of doing so as well. So the more I think about it and read the more it seems there is something else than the points you laid out/ and/or your reasoning!
Below is the exchange re the debtors, court and TPS about the 30(b)(6) issue:
Thanks, then looks like Ill have some cool reading or a reason to come back and read the objection later tonight!
Back to lurking...
Is the objection due at 5pm ET today or 11:59 am ET tonight?! TIA
Back to lurking...
well put, and exactly what I was trying to get a response to with my earlier question to Ilene, who did a great job answering it. But then i thought about JMWs comments. So I guess time will tell
Back to lurking..
LOL...k thanks. Appreciate it.
Sticking to your shoes...just make sure there on in vegas missy!
Back to lurking...
Real quick doll,
How would their admission today that they provided all the docs in each category come up at trail. Like what line of questioning would prove that they had not in fact provided all the documents in the categories denied?
Thanks and back to lurking!
Yup I'm still alive, I've just been lurking...and read each and every last post. Even if I'm 500 posts behind from day to day. I tend to write the last post number I left from when I leave and start from that post till I get to the end or what not.
I also skim most of the filings and the more substantive ones I read in detail. But I'm still heer alive and kicking.
So good to hear from you, but I'm on three conference calls now (one of which is the court hearing, which audio just dropped/lost) but Ill post a lil more frequently.
Back to lurking....
:)
Miss you Ilenes...I swear I'm going to make it to a hearing to see you doll!
http://finance.yahoo.com/career-work/article/113032/little-house-secrets-great-plains-reuters
Interesting wonder if blackstone or any of the hedgies have something setup here!
:). Eloquently put Catz...
Back to lurking...
You are correct Cam
Back to lurking!
Correct, but no plan filed yet does not mean that the terms of the agreement/settlement are not agreed upon and signed. So I would hold off on going crazy about not seeing a new por as we may get some details of the terms today from BR.
Back to lurking and tweeting for those who can't listen in on the call!
:)
LMAO...you know me I read all the posts everyday from where I last left off and only chime in when I need to...heheheh....
May even show up in court on the 8th! If not Ill be lurking, texting and tweeting with Ilene!
Hope all is well UZ!
Okay back to lurking! :)
This is the broadbill mediation not that for EC, SNH and Debtors...completely different from the settlement we are looking for!
DOJ...for sure!
Lurking....
Everyone should just calm down about the 160 million. If you listen to the Audio Rosen says as clear as day that is the value he will use in giving an instance to the court. Moreover, he indicated that the value of the Reorg company was the number one thing on the ECs radar and was of great contention with what blackstone has reported it to be.
IMHO, I think that the tax firm the EC hired was hired to confirm the exact benefit of the NOLS to a prospective buyer the EC has or may have waiting in the wings and for sometime now. Everything is too coincidental right now for the settlement and the reorg company to not have any value or worth. Moreover, Rosen says plain as day that they will be using the money to shop around the company to anyone who wants to buy it...
I think all the clues are there and the fact that BR says he will have a por7 in 7-10 days which happens to coincide with memorial day weekend...I wouldn't be suprised if offers come in and are announced about potential buyers...
It's always come down to the value and hidden assests. That 160 is just the preliminary number, but once you start peeling back the layers this will have substantial value...I just don't see how it wouldn't. it's clear to me we found dirt on the SNH's or they spilled the beans about the debtors and JPM to draw first blood and the EC took that intel and ran with it prompting the hire ups to mandate the settlement!
Everything is just falling all into place and working out beautifully...all IMHO...
Now I'm going back to lurking!
Ilene I won't be there today...but text me when you get a chance just so I can store your number had to get a new phone...
:)
Uzual...thanks so much I appreciate it!
Back to lurking...
Congrats buddy, wishing you all the best...hope everything is going well for you...
hit me up sometime!
:)
Now isn't that just fing convient and a coincidence!!! Things that make you go hmmmmmmm!
News comes out and her draft is all of a sudden down and now she can come out to reporting! Interesting...
Back to lurking!
Nah don...always go BEAVERS and WANU
I think the EC already know where to start with JPM, the Debtors and the FDIC...I think the HF/SNH gave them some nice tidbids of dirt in excange for saving their hids. However, I'm still not convinced they are clear and free as i think the DOJ and maybe someones AG may be barking up there tree relatively soon...
My 2cents and Wag AS YOU ALL WOULD SAY.
Now back to lurking...Oh and FYI Ilene's all mine! :)
Yeah I hear ya on that...well these are interesting times nonetheless...
:)
My sexy lil boo...
LOL
Just had to.
Yeah speculation is just that speculation...I'll refrain from jumping up and down till I see something in writing. However, I must admit it is hard as hell sometime to not think out loud in my head about the possibilities, especially after reading all of the posts on here and Y! from this weekend...
Okay, back to lurking...:)
SF, a picture as in something that you saw like a premonition or imagery/ESP...or someone with significant insight showed you something that is so irrefutable it is damn near guaranteed?!
TIA
Back to lurking!
Interesting...
All I know is that I don't put too much of anything into what others say unless I have personally met them at the hearings or spoken with them on the phone. I don't agree with the name calling and attacking people based on differences or agreements in opinions. Which is probably why I don't post and just lurk, because if someone attacked me like that, who was supposed to be the voice of reason or consummate professional, it be a problem...
Well that's my 2 cents, now back to lurking!
Austin,
Really, Really! LOL...I can't wait to meet you. As I do admire your unwavering belief in having Susman apart of this process and will be elated to see that after all the repetitive questions you have asked only focused on Susman's presence, you will get to see your dream come true in some way, shape form and fashion!
:). One things for sure your persistent even if its an unpopular and repetitive mantra\belief!
Real,
She may be under a time crunch and need all hands on deck to help her compile the brief definitions. Please help in her endeavors, I do not have time right now, but will once I'm off of work. I'd implore all of you to help BET with whatever she needs if you have time.
Back to lurking....
You all please respond and help bet out...especially the legal eagle minds on the board!
Thanks, now back to lurking!
Luv,
I cant pm but I got your message. I will call you when I'm out of the movies to riches your pm.
Thanks.
Oh baby you know me I'm always around lurking or up to no good...Jut don't post much cause I don't like speculating and don't really want to be attacked for doing such...so I just stay in my lane. Although Monday should be very very interesting!
Ilene just lurks like the rest of us when its slow!
Besides no one better not dare mess with her; else they'd have to deal with me, strike and voodoo!