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Wednesday, June 03, 2009 11:52:53 AM
Very good John
WMI was put into BK court by Mr. Bonderman for protection. Weil will not bring them out of the protective web until they are good and ready and with the good Judge's permission. I personally think that Weil is still on track for the 3rd qtr as far as emerging with a viable restructuring plan and a fair amount of capital. But if it gets delayed, so be it. Looking at the monthe of July,August and September with interest.
BTW,would just love to see the late billing statements for Weil. Got to be a good reason for them not presenting them in a timely manner.
Take care
David
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