re: "I have been following the board for a while... why the huge drop?"
The outcome of the hearing was not what everyone was expecting:
A lot of people were expecting zillions of dollars, free cigars, open bar and jewelry for the ladies ...
What we got amounts to a postponement... i think.
At first it seemed bad, I awoke from my nap to see what you just saw. I imagine a lot of people sold the shares they had pinged the ask with yesterday.. reflex action.
Now it seems, maybe not so bad. I imagine there will be a lot of discussion now to sort it all out.
what i've read so far: basically all motions were denied. the judge cites lack of authority, heard something about matters being "too complicated" while on the other hand is also reported to have made noises friendly to mosh unitholders...
At first I imagined the pxd report handed to her before the weekend maybe was interleaved with $1000 bills or had some kind of note like "we know what you did last summer." <g>
which is, of course preposterous. but that was what i had previously imagined as the only kind of thing to produce a "doom" scenerio.
But, on further consideration, pxd's motion was denied too, so, like I say, this is starting to just seem more like a delay, possibly judiciously (not sure if pun intended) by the judge to try to insure a better outcome for mosh unitholders.
