New here - bot way back at .50 and sold over a buck - but case got to big and I got out for lack of desire to follow. Saw the news yesterday and figured I'd jump back in. Definitely intrigued enough by Sopris and Marathon getting in late in the case. But wondering why, unless I just missed it, none of the larger holders have formed an ad hoc equity committee and then motioned for official status? Do they already have enough access to not be concerned? Lloyd Miller and Millenium Partners have just done this on NRVH - worth watching by the way. Seems like it would be worth the shot, most large atty firms will take the request on spec at the shot at landing the official gig - especially lately. Even without an EC though, the one thing that does encourage me about Sopris and Marathon being in even if they don't have much access to the plan formation is that large sophisticated funds like this can sometimes force the throwing of a bone to equity by threatening protracted objections to plan valuations if they would otherwise cut out shareholders, it becomes far cheaper for the debtor to throw 10 mm worth of warrants out there than spend 3 more months haggling over a plan even if the debtor knows they would prevail over the shareholders in the end. Anyone know if an EC request was attempted earlier in the case?
