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I live by Fiesta Texas on IH 10 and 1604. If you ever need help with anything... even if it's picking up supplies or whatever don't think twice just email me at joe@tuxedocharters.com
bet.... if you ever need help let me know as I also live in San Antonio....
thanks bet for the insight...
bet.... small world.... I"m from San Antonio also....
ok... what have I missed just had a colonoscopy procedure done this morning and couldn't wait to get my as_s back..... quick and dirty will be fine...
govinsider on the Y board stated that he confirmed with someone that will be attending the deposition tomorrow states that the depos will proceed tomorrow.... hmmmm I wonder how reliable his source is... i still say it won't happen even if that means they cancel in the morning....
A reschedule on the depo's tomorrow will tell the story as to where this is headed... It's a big indicator for all speculators.
I really don't understand were these high numbers of settlements come from. Yes ok maybe that's what we deserve but at the end of the day Susman team already through a number out there of 30 billion. So that's got to be the greater number of settlement and that doesn't equate to $40 - $100 per share. So you need to work with the 30 billion number and work your way down to get this thing settled and order to make this a attractive number for everyone to agree upon. I don't believe that the evil demons would agree to settling this for 30 billion as to why I feel its going to be much lower in order to get this approved. Now I don't know what are new equity board is willing to accept but I'm sure the newbies were brought into this game to get this thing approved with a more reasonable and compromising number.
Large Green... I agree with you that it's not possible for the Hedge Monkeys to go forward with any depositions in regards to trading records... This would be very dangerous for Hedgies to agree and allow the depositions to proceed... As we anxiously sit and wait to see if Aurelious goes through with it tomorrow. This is a big indicator for the speculators...
Michael Laurino... I got that same feeling after carefully reviewing the same statements from Ashby firm.
Alexander... This is my speculation in regards to if a compromise settlement was agreed upon by all parties it would range in the $2 - $8 for commons... Again IMHO..... So many here have been wrong and again I have also.... but it seems we are in a better positon to get this wrapped up since valuation numbers are being considered and the hedge monkeys risk having there tails cut off.
Alexander... I personally have know idea what the numbers will be if any settlement is agreed upon. My take and read on what I see and hear is that if a settlement is agreed upon by all parties it will not reach the high numbers thrown around here. Only way that happens in my opinion is if the EC can take control of the case and I personally don't see us heading in that direction.
I think all the parties want this thing wrapped up, I think Judge Mary wants this thing wrapped up and if that's the case it's going to take a compromise that all parties are going to have to live with like it or not. Thats why its called a compromise...
I do not believe we will see the valuations submitted by Blackstone or P.J. Soloman unless there is a hearing with a battle about valuations. My opinion is that each party will try and negotiate a settlement that is reasonable and agreeable using each others valuations as a tool. As to why each party has agreed to exchange valuations followed by depositions of experts next week.
I feel this plan of reorganization hearing is set up to get this thing rapped up. Hopefully all parties can come to there senses and agree to a compromise settlement to eliminate this mess.
If a reasonable settlement can not be reached amongst all the parties then it's a full blown hearing and the court will decide everyones future.
To me this is to much to risk for all parties and I conclude that a compromise settlement must be reached before the June hearing.
Tomorrow will be another indicator if a deposition is actually conducted on Aurelious..
fio1259.... did you get the feeling that commons was gonna get nothing? or a feeling that these high expectations are way off base, due to a marginal compromise settlement.
Listening to the beginning of the hearing today Rosen mentions giving the court a status conference update with respect to confirmation.
Rosen goes on the state that the Equity Committee has requested discovery to debtors in regards to hopefully exchanging expert reports today by 5 pm. Expert reports that of Blackstone and Peter J soloman. He also states that he hopes that the debtors are ready to do so, and he thinks that the Equity Committee is ready to do so.
Rosen states that this exchange is important for both parties since the parties have set depositions for respective experts for next week and that both respective parties need these reports to prepare for the upcoming depositions.
I don't recall hearing about any public information stating that Equity Committee has agreed to allow the Debtors to depose someone from Soloman or even the stated fact by Rosen that the Equity Committee will be deposing someone from Blackstone..
Lot's of wheel's turning without the common folks knowing about. I still feel there is alot more moving parts to this that we have know idea about.
The debtors had filed with the court the ability to depose Buyon from Soloman but I don't remember Judge Mary signing off to such a deposition. It's obvious that the Debtors and Equity Committe are internally agreeing to certain matters.
ilene... I'm with you... her demeaner towards Rosen and the debtors has definately changed as to why I suspect something going on behind what we can see. Now valuation exchange between PJS and Blackstone before confirmation, no depostions, lots and lots of things being put on the table as never before.
What valuations are blackstone going to exchange? The same old crap... or will it be better valuation numbers....
bopan... Who has missed her Q several times, has stated that she also feels that the latest billings refer to possible settlement discussions. She feels that the discussions could be between EC and SN and I can see as this being a possibility....
Sf.. I'm glad to hear I'm not the only one that feels this way with my speculation and reads. Since the last hearing and the attitude that our attorneys portrayed that day being very low key, compound that with the silence from Susman Team, Ashby & Geddes, TPS, BlackHorse, cancelled depositions and now having the opportunity to review billing statements from Susman and Ashby, I'm convinced that our representation is in settlement mode to get this mess resolved that will include equity in some nature.... Will Susman, Ashby and MW agree to terms being tossed around is the mystery at this point. US Trustee moved quick to get other EC members on board and I think this was planned to assist to getting more opinions to get this accepted and put this mess brushed under the rug. Nate Thoma delivered the bomb that gave equity life and the hedgies must get this ordeal settled and save face and possible incriminating charges... That's my read.... might be right and might be wrong... time will tell and I think that time will be very soon.
I was asked politely not to give my two cents in regards to the latest billing statements that just came out... but I smell pending settlement offers being tossed around to EC... Been around this board for two years and seen previous billings and billings that stated discussions in regards to the GSA and what I read now is correspondences between both equity law firms billings that touch on pending settlement offers.... Sorry that' my take and my read.... don't know if there offers that Susman and MW will entertain but maybe that's why other EC members were brought into this matter so quickly.
wow looks like Ashby & Geddes is putting in the work for equity... There billing for march is very telling....
on 3/31/11 S. Ard is researching the law of Good Faith Settlement.
What is the purpose of a Good Faith Settlement.
In order for a defendant or plaintiff to be completely free of any additonal claims regarding a suit, a good faith settlement is made to protect all parties involved...
A good faith settlement provided by the court ensures that another defendant cannot file another complaint the settling defendant anytime in the future regarding the same claim.
A good faith settlement is necessary determination for any proceeding where there is more than on possible plaintiff and defendant and a settlement is being discussed. It protects the settling parties from incurring more cost for attorney fees or damages related to case.
Why is S. Ard researching the law of Good Faith Settlements????? ask yourself that question.. what does that have to do with the GSA......???
Susman billing statement that make you go hmmmm..
3/20/11 L.N. Godfrey Conferring by email with trial team re Settlement Offer
3/21/11 L.N. Godfrey Confering by email with trail team re Settlement, etc
3/24/11 L.N. Godfrey Confering by email with Client re Pending Settlement Offer.
3/28/11 J.A. Nelson Confering re Offers and discovery.
3/28/11 L.N. Godfrey Reviewing trail team email re Settlement offer, etc
3/30/11 J.A. Nelson Conferring with trail team re updates to Settlement to orders and membership.
3/30/11 S. Ard Researching Law of Good Faith Settlement
3/31/11 E.G. Sargent Conferring by phone and email with S. Ard re Recovery from Settling Noteholders.
3/31/11 J.A. Nelson Conferring with E. Sargent and trail team re Settlement and updates.
3/31/11 S. Ard Corresponding with trail team re equity's recovery PROSPECTS.. HMMM
3/31/11 S. Ard Researching potential extent of dissallowance against settlement shareholders... Hmmm
LOTS OF DISCUSSIONS ABOUT SETTLEMENT OFFER, RECOVERY FOR EQUITY......
Luckybear... thanks and good advice...
This Silence is driving me insane!!! Seriously... man i just want to know one way or the other... sh_t getting old...
William48... DudeBug posted some stuff on this guy in Aprl 5,2010. Some remarks were: In sthe same filing... note the proposed CO-Counsel for the Office Equity Committee.
The EC is now Lawyered up"
Martin Bienenstock was a co head with Weil for over 30 years and then went to Dewey & Leboeuf...
Hope this helps ....
Martin Bienenstock bio says that he practices areas encompass goverance advice for healthy or troubled companies, crisis management and restrcturing. He was ranked in the top tier for Bankruptcy by Chambers Global 2007 and recognized in the field of Bankruptcy and Restructing.
I remember this attorney being in the mix or possibly was considered...
William48... Was the firm Dewey & Leboeuf? attorney Martin Bienenstock.
tpg... if you want your shares locked up than go ahead and vote...
I'm not voting cause there is not information on the street to determine what I'm voting for in regards to a return... and I'm not going to allow them to lock up my shares were I can't trade them....
oilstrike... that's a possibility but nobody knows for sure.
Myadad... I don't think that Susman would be so willing to agree to extend the depositions if the SN were shooting him the bird and not offering him something juicy.... Susman would be filing something to the court stating that he's not getting any cooperation from the Hedgies....
gophillipgo. as you say if Nate Thoma was able to find the trading records to call out the SH's for sure Susman has the same data to nail the SH.If this is the case and it's so easy to get the trading records from all four of these hedgies how come nobody else from this board has found the records. Is it really that easy to get the trading records? I don't know but some think it's really that easy to get the records as if you can go on google and find these trading records. To me it seems as though it would be somewhat difficult to get this information but I really don't know.
Rosen doesn't even respect Judge Mary.... He's a piece of sh_t!!!
Really tired of these attorneys milking the estate... Be done with already....
When is susmans billing statement due to come out?
I don't know if anyone notice but DIMEQ drop from the .80's to .50's today... That is a significant drop in one day... It seems as though it has leveled off in the .70's... Wonder how there mediation is going or if it got postponed also.
How could they expect us to vote on something so important when we don't have all the facts. That's the craziest thing I have ever heard. I'm not voting until I have more information or hear from Susman...
I'm not voting, until I have a better indication of what's going on or until I here from Susman...
William48 did post early this morning... I think...
Vodoo. Why have they kept this thing dragging on for this long if they had the smoking gun..? I remember that day very well and it was probably one of the most positive days for equity....
LG... Don't get me wrong in a perfect American World I would love for equity to be treated honorably. Unfortunately we are dealing with superior forces (JPM/FDIC) that have invincible powers... I think Judge Mary through us a bone with the Hedgie allegations of insider trading or else this thing would be over for equity. Don't get me wrong if it mean't taking longer and going down the road of your speculation I would luv it...