Tuesday, November 27, 2018 10:42:21 AM
"Posted on boardpost on 11-26-2018 by CSNY
https://www.boardpost.net/forum/index.php?topic=13446.0
*************************************************************
Topic: Rosen's Statements About Recovery
Someone shared something with me today and I'm passing it along as I don't view it as confidential and I've redacted source(s).
In my opinion, Rosen would never deviate from the official lines that:
(a) the R’s waterfall has a deficit and nothing more is headed there; and
(b) the LT’s waterfall isn’t getting anything either. He has nothing to lose by lying and plenty to lose if there’s a breach of confidentiality. Also, he would be crazy not to assume the conversation is being taped.
My position on the future of legacy equity is unchanged but I'm providing the following so people can judge things for themselves.
"Disturbing news my friend....
Anonymous had a lengthy phone conversation with Rosen today.
Rosen is aware of the message board banter and said money coming to escrows is pure fantasy. There may be a few million left in this next distribution but thats it.
He said safe harbor is also a fantasy and there is nothing there.
Now, I know we can think "he would never tell us anything anyway".
To that I would say the lawyer in charge of this would never make absolute statements like that in case the conversation were being recorded.
Hate to say it, but I think this is over.
So sorry. I know how much you've put into this.
His fantasy term was like a stake in our hearts. This coupled with the fdic letter and Delgado looks very grim.
Life goes on.
I'd love to say this means nothing, but I think it does.
Sorry to be the bearer of bad news.
XYZ" "
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