THE OFFICIAL MJ BOARD

[lifegear]

=======STBP Sep 11 Court Approved List=======

-to propose and seek confirmation of a chap 11 plan that would attract an infusion of equity

-continue the existence of SEBC (or a successor entity created under the plan) in the financial services industry

-allow SEBC to utilize certain of its remaining assets (including certain tax attributes) and create a modest amount of additional value for bondholders, creditors, preferred and common stock

-emergence of a qualified institutional investor having expressed concrete interest in significant equity infusion

-identity of investor and reorganization plan will be revealed in the form of a proposed Chap 11 plan

-the proposed investor has indicated that it wishes to move this matter expeditiously to a successful conclusion

http://www.sebcglobalsettlement.com/pleadings/SEBC018.pdf