It does not matter that they dont own ALL OF IT, the point is they have to be the majority owner of the bond $ to be able to say they own & control the bonds.. they never said they owned the entire thing (key point).jmo. for example if you get a loan to open up a business, do you say you are the owner of the business allthough you dont have FULL ownership as of that point? so it IS safe to say "CSHD OWNS THE BONDS" because they are controled by conversion. that might be in fact part of their defense when i come to think about it....the SEC is on their s**t for saying they owned the bonds...maybe theyll just have to release a statement regarding the % ownership of each bond...assuming that was the case, it would be a nice finish to this drama wouldnt it?
I know of no more valuable commodity than information. - Wallstreet