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Re: Nowak488 post# 45994

Monday, 02/13/2017 5:15:05 PM

Monday, February 13, 2017 5:15:05 PM

Post# of 47873
Nowak488 - let me back up a little as I think i missed one of your posts from earlier that I want to make sure it and other things get get addressed.

First of all the lead attorney firm is Brown Rudnick NOT Saul Ewing as you stated previously. Saul Ewing is there because we have to have a Delaware firm on the roster in Bankruptcy proceedings in that state. Furthermore I just spoke to an attorney and was reassured that negotiations between a committee and lawyers are NEVER published so you can guess all you want about what was negotiated but we don't know that and before you quote sheets from court docs you don't know what is full freight, negotiated fees,discounted fees etc..

I try hard to be a person that speaks only to FACT so in order to make it a bit more clear for folks reading this board and hopefully reassure some let me go as far as I am comfortable speaking about Our Equity Committee.
I know several of those chosen to be on our Equity Committee and they are not only familiar with bankruptcy cases but also familiar with legal matters. They were interviewed and chosen by the US Trustee because of their knowledge of bankruptcy and the law and have long term holdings in this stock. I have complete faith in their process and strategy and I don't make that kind of statement lightly especially considering the beating we just took as IMSC shareholders.
Trying to second guess what is going on is really not useful imho and a distraction from the issue at hand.

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