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Re: cashgrinder post# 96138

Friday, 09/18/2009 12:16:59 AM

Friday, September 18, 2009 12:16:59 AM

Post# of 749756
**Weil, the top bankruptcy firm in the country, is not fighting for $1.50, lol. Niether is Quinn. There was a settlement on the table in March/April. This is a FACT.

Do you really think it was $1.50 a share that JPM walked away from and then filed the adversary? I mean what's another 6 Billion for Commons at $1.50, and preferreds paid in full?

Especially when they would keep 4.4 Billion in cash.

Be realistic - JPM walked out of negotiations over 1.6 Billion to make this all go away?

Highly, highly doubtful. But that was a very well constructed 'bash', lol. Which MM is getting nervous here? Maybe it's time to cover.

I am the poster formerly known as 'Jerle Shannara'.

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