IMO that insidious TWATwaffle really stepped in it by taking those undeserved bonuses along with the rest of her insider cronies. Making a $17m debt payment, then filing for chapter 11 protection after hours the very same Friday, smells rotten in any fair court. Total sending of mixed signals to the market, intentionally or not.
Just all aroung piss poor management by solecow and the cronies.
Your argument for solvency is weak at best, but I admit technically true.
JCPQ did still have $500m in cash at the time of filing, so I can see where any good shareholder attorney can make the 'solvency' issue stick. They werent 'running out of cash the next day' so to speak.
NOW that you guys are on the right track, once you get an EC approved (and you will now that all this is out in the open, Jones wont be able to deny it), FIRST MOTION should be a demand for a jury trial. That will get the attention of the senior creditors and all insider cronies. Make a strong motion for a jury trial, and watch your stock pop big on that news.
Jones could deny it/overrule it, but the clear message will be sent.
