Medley Management Inc. (MDLM)

[56Chevy]

No db7. You didn't misinterpret. This is tough to decipher. There are multiple players in all of this with varying goals. Those goals don't always match up the way we think they should or might. For example the SEC may not care or be on board with what the unsecured creditor committee hopes to achieve. Or with what Strategic Capital Advisory wants. We assume they're going to do the heavy lifting for the unsecured bond holders by the tone of their no nonsense dealings with the ones who recieved the Wells Notices. If I was one of those guys they'd certainly have my attention!

The SEC has been very direct and have displayed a heavy presense in this bk. They appear to be on the bond holders side but we really have no guarantee of that. They're truly an unknown. Post UDFI I'm not prepared to guess.

They may just want to see this go to a Ch7 and be done with it. Or not. They'd make excellent poker players.