I've never spent much time on I.hub - only other stock I followed with an Ihub board was/is BESV. It all comes down to what site has a good board in place since following bk companies tends to put you into all kinds of disparate businesses - I see the yahoo scra board is fairly well degraded into stupid name calling. I used to prefer the yahoo boards for posting, especially since they hid the link to bk stocks and you had to use the backdoor to find it - that usually kept the noise to a minimum - but then yahoo changed their format and I hate the way it works now - I'm sure they did it just to increase the advertising space but I think they've driven away a lot of eyes. On Inv Village I post under bshaw7360, same on yahoo. On RB I think I use finbar. All just depends on whether any of the sites has a decent board going - if not we sorta default back to the IV DGEN board. One thing I have found is that amongst the lurkers on a good board, there will be more than a few of what would be considered big players - analysts at these boutique funds that play the deep value stuff, the atty's on a case, mgmt - they are all reading I know for a fact - maybe not on every case but various of those groups on most, especially a good board. You guys are quite ambitious to tackle a big case like SCRA right off the bat - if you get into it you will find that the smaller cases tend to be a bit eaiser to handle - like a biotech that maybe has 1 mm in cash and 3 mm in debt but has a drug in trials they've dropped 100 mm on. If the IP gets sold, you know you only need 2 mm to get even, and sometimes its a little bit easier to bet that something will be worth more or less than 2 mm than it is to guess if it will be more or less than say 600 mm, especially when you don't have hedge funds holding the debt and pushing way down on the appraiser - like they did in Kmart and Northwest and AAIPharma. I totally agree that you can't make real money with the blue chips - there are just too many funds out there with the resources to channel check a company way before the avg retail guy gets a shot at it, unless its in your field of work. But when you drop down into OTC and OTCBB land, you have to worry about the legitmacy of the company and even when you find one, then you have to worry about their lack of funds landing them in the crosshairs of a Congress Financial or Laurus Master fund - loaning them money on terms that gaurantee they will own it in the end and you can't even see the damn terms of the loan most of the time. With Bk companies, you know they were more toward the legitimate end of the spectrum if they came off the Nas or NYSE, and you get to see the terms of the financings and get the benefit of seeing all the various constituents argure about why its a good or bad deal. On SCRA, I'm anxious at this point to see the actual terms of the settlement with the pension funds - which should pop to the docket soon. I won't be too worried about the size of the settlement if the deal allows SCRA to fund it over time like they would otherwise be doing rather than pay in lump sum now. That language about an add'l reserve has me hoping that that may in fact be the case - because why else would the debtor settle for a potentially larger amount when they could otherwise keep fighting for less.
