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Re: gyspsy post# 85857

Monday, 08/10/2009 1:19:11 PM

Monday, August 10, 2009 1:19:11 PM

Post# of 730279
I know and I wasn't offended. I agree that your experience is invaluable, but I don't know how useful experience can be in a case with as many unique and unprecedented circumstances as this.

I don't think the market will move the PPS because the stock is subject to lots of manipulation by MM activity -- and I don't think the PPS will ascend upward on its own until the shorts have covered -- but I do believe that a favorable ruling from Judge Walrath, granting WMI's motion for summary judgment, would move it with or without the shorts covering their shares. The legislative branch of the U.S. government can try to intervene, but it cannot stop the judicial branch (i.e., Judge Walrath and the Delaware Bankruptcy Court) from doing its job.

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