Monday, November 10, 2008 11:56:52 PM
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.
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM