Medley Management Inc. (MDLM)

[56Chevy]

We have no indication at this point there will be one thin dime to distribute to anyone. It is totally premature to assume anything right now. No hint of any recovery is out there. I do not want to start any rumors.

I will just say IF the SEC does indeed do the "heavy lifting" on behalf of the unsecured noteholders these are the steps to look for. The key word here is 'If'..and again we may be talking months to years.

This is one of those good news bad news things - The good news is 'the SEC is on the case'..The bad news is 'the SEC is on the case'.

SEC Process

Rule 1100. Creation of Fair Fund.
Rule 1101. Submission of Plan of Distribution; Contents of Plan.
Rule 1102. Provisions for Payment.
Rule 1103. Notice of Proposed Plan and Opportunity for Comment by Non-parties.
Rule 1104. Order Approving, Modifying, or Disapproving Proposed Plan.
Rule 1105. Administration of Plan.
Rule 1106. Right to Challenge.

Source

https://www.sec.gov/about/fairfund042104.htm

*check it out for yourself..you be the judge. Lots of loose ends and unknowns still exist.

Marker:
Medley Management In (MDLM)
1.9 up 0.14 (7.95%)
Volume: 7,273

MDLXQ currently at $0.41
MDLQQ currently at $0.46