Large Green, re Objection letter by CSNY? BOPFAN I feel she did a great job in her Objection. I do not feel this will delay any possible disbursement to other. Any $$ disbursement to Underwriters can be kept in a fund until Judge makes ruling.
I did notice it is Objection and not a Motion not sure why as a Judge does not need to rule on Objection only a Motion.
If her Objection does cause any delay I am for it as it bring a lot of concerns many of us have with WMI-LT Trustee and Estate Managers - I do not trust them. We should all worry about other deals the Managers of the Estate made that ARE NOT IN OUR BEST INTEREST!
I feel COOP need to update in 8-K form material events that seem to be going on like the Washington Mutual Trust 2001 is listed as sub yet no 8-K disclosure. I have written many emails to IR manager Kenneth Posner about this with cc to SEC and never get any response. SOMETHING IS GOING ON AND THEY HAVE BEEN IN QUIET MODE, IMO!
Latest Filing – What does this show – Many things – Thank You Very Much CSNY/BOPFAN
• Shows how much the Big Money Players and to the extent, they would go to zero, step on Equity
• All law firms involved had failed their fiduciary responsibility purposely, colluded with each other to step on Equity to the point breaking the law thinking NOBODY would notice
• I believe CSNY is exactly correct and the Underwriters claim should be denied in total - ThEY WERE CAUGHT AGAIN trying to damage Equity
• Now what will the Judge think -Rosen entered 35 Stipulations for her approval BUT NOT the Underwriter’s Stipulation – Obvious obfuscation
• Rosen failure to purposely not file a timely 8K when this was known, held Stipulation out for over a year to file in the annual 10K for avoidance purposes
• How many times has a Fiduciary like Rosen who supposedly represented Equity (his words) tried to zero us out, with his rants of “no money for Equity” and now this
• Rosen should be disbarred and the Underwriter’s claim denied in total - maybe Rosen and both law firms he represented along with the Underwriters owe Equity potential damages
• I understand why some here are upset with CSNY and that is because this dilution did not damage commons but only damaged preferred – All depended on how one was invested
• BUT MOST of all, of the investors upset, who are they and why
• I believe the ones MOST upset are ones who pushed for years the 75/25 to the end was BOGUS and they pushed that commons will get the bulk of Safe Harbor/Bankruptcy Remote assets
• Once again, thank you very much CSNY, Dmdmd2020 and ALL who had anything to do with standing by and representing Equity to the extent that should have been afforded from the inception of this case BUT was never accomplished