**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'.