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Finally something. Yea Rah Shish boom bah EC team.
I hear you, but I'm not convinced we aren't marching silently into oblivion. We'll see. Still waiting and counting the days.
Tomorrow is day 11 since the POR denial. Still waiting and not a peep from our team. Do we still have a team? Oh Yea, not whining, just stating the facts.
So nobody thinks it might be time for the EC to say in a motion " hey, just a damn minute, what assets existed, what assets were seized, what assets were transferred" and maybe " who owned which assets" your (dis) honor. How can a plan be fair and reasonable without a valid asset list and determination of ownership? Watching and waiting EC team.
I'm not necessarily looking for an objection. There are numerous motions that could be made addressing a number of issues. When do they step into the fray. 10 days and counting.
10 DAYS NOW --- and not a peep from our EC team. Still waiting.
I agree, her mind is made up - no release!
Absolutely!
yea, OK. That will certainly have an impact. I'm gratified that Nelson is gratified!
Ahh, DAY 7, one week and not a sound from our S/G team. Watching and waiting.
What else could explain the sudden inexplicable capitulation of all objecting parties to the Examiner?
Fair enough.
And I will be counting the days.
So you gleaned that from my post ---how?
DAY 6 - S/G WHERE ARE YOU?
I am certainly not a malcontent. I just see our salvation in the EC legal team and am anxiously awaiting action. The sooner -- the better IMO. Still counting - DAY 6 tomorrow.
SAR FLIP under to .181
While she did an evaluation for the debtors issues it was incomplete at best, in my view, as it was based on argument and hearsay (ER ?) rather than evidence.
Another significant and glaring failure has to be the complete absence of evaluation of the FDIC and JPMC 54B claims which she argues justifies abandoning the debtors claims. The debtors claims are at least as collectable as any claim the FDIC and JPMC have made. JMHO
Oh yea ---- wheres our EC legal team? Still waiting.
DAY 5 --- and no EC legal team to be found. Still waiting.
Oh, I am waiting. Have been very patient throughout this 2 year ordeal. But you cannot deny that now is the time for the EC team to step up. If not now, when? I WILL continue to count the days because I believe they are our saving grace. Thank you very much.
Will tomorrow become DAY 5 of the MISSING EC legal team?
I don't think there is a settlement in the works either. These dirtbags will fight until the end and then delay any payout if one is required for as long as possible.
Personally think they should have a POR ready right now if there is the data to support a plan significantly better than the current POS. But they probably don't.
But, now is the time for our EC to show up with their game face on. I believe we are in our dying throws otherwise. JMHO
DAY 4 and nothing from our EC. And still waiting.
Precisely my perspective as well. It's do or die time for them (and us) IMHO
Yes. The EC and PJS have now had 1 year basically to get their act together. Now is the time for some action from them.
An alternative POR- based on PJS numbers?
Motion for asset evaluation
Motion for production of retained and turned over assets.
Perhaps a motion for SJ on the 3.7B which would prove FC.
etc, etc, etc
It's day three since the decision to deny the POS POR. Wouldn't a good law firm have considered the possible outcomes and already evaluated it's options based on those outcomes? We call it contingency planning in the military. We devise plans for the various contingencies and put them on the shelf. If the contingency arises only minor tweaking is required because the plan has already been built.
Need to see something soon because I'm beginning to loose faith. They should have been prepared to immediately launch. JMHO.
B/A now .61/.655 and PPS @ .63
Ask is still .78
The judges comments on the 4B is a farce. They can't pay back 4B they stole without failing but can pay 29B in bonuses? Get real DJMW
I must be in the twilight zone here. FDIC seizes WMB/WMBFSB+ at no cost to them, then sell it to JPM for 1.888B and the judge thinks they have legitimate claims for another 54B. Please slap me out of this nightmare.
What's really funny is that there hasn't been an EC for 2 years to bleed this estate. The Debter hold that honor @ 100M +
I'm skeptical but hope you are right. Who will initiate and pay for the lawsuit?
I am more interested in seeing our EC team aggressively pursue a proper listing of assets and valuation.
IF, and that is a BIG IF, they insist on the releases they will need our vote.
Sure, But who the hell is going to demand it?
Yes we do! Been waiting patiently and time IS running out
This denial has opened a huge door for our EC to walk through. But, they need to step up with something substantive NOW (like a legitimate competing POR with PJS valuations) or THE DOOR WILL QUICKLY BE SLAMMED SHUT AND LOCKED! IT'S SH_T OR GET OFF THE POT TIME --- IMO
That's been the case for over 2 years. Nothing of consequence ever gets decided. Just collateral, inconsequential bites month after month. Get used to it because it isn't going to change IMO. We are going to be here for a while looooonnnnngggggeeeeeerrrrrrr.
You've got that right.
There are a lot of us little guys here also, who have averaged in, albeit at slightly higher averages, like .39 with 31K here. We also know what we have and are holding solid. Ran out of powder or I would be holding more with a lower average.
It is interesting that the very information used to support the "fair an reasonable" assertion by the debtors has been rejected as hearsay in the ER.
A scathing rebuke!