Technical Olympic USA, Inc. (TOUS)

[Duffau]

Up 100% this week. Reason for the strong rise?

1. The unsecured creditors are going gung ho in their lawsuit. They have almost 80 documents on file where they are suing the first lien group for over half a billion bucks, which with interest and damages could change the nature of this bk. If they win, then there could be huge value for the common.

2. Over 200 new homes were sold in the month of October, about half of them in Texas where there has been less effect of the market meltdown. Should be about 80 million bucks worth again this month.

3. The plan of reorganization has almost no chance of being accepted and we are probably a year away from even getting to see a viable plan that takes into the active and progressive lawsuit mentioned in item 1. Truthfully the plan should be abandoned or modified to correct the objections to it and account for the possibility of the first liens being held illegal and invalid.

4. Justice Oliver Wendell Holmes has a precedent that if one class benefits from a suit as in item 1, then all classes get to share in the benefit. That's us.