So, is everyone's thinking clear on this?
The old school of longs had put all the possibilities and likeleyhoods in context from the end of last year.
No mods ever exaggerated the hopes of others and all the excited talk was based on the hope that the bankruptcy court would reasonably still allow a settlement or PPs award for the approx. 15 million shares outstanding at a nifty, but not pie-in-the-sky amount, of a few dollars a share. (Still creating a hundred-bagger from the PPs of .05....a really wonderful out come!) With the still apparent equity remaining through the recent months of upwards of $800 million, this was not extreme.
THIS was the general view, amount-wise of Renee, aka as Seabiscuit, IHUB LFGRQ's group's resident beacon of common sense and reason.
There were others who seriously expected the ENTIRE apparent $800 million to be divided among the $15 million shareholders, a result CLEARLY in the realm of pie-in-the-sky outcome.
Also, I want to mention that this situation, as just explained by me here, was one where the aforementioned longs DID NOT want to pump the PPs before the bankruptcy court had reached decisions in the on-going court proceedings.
This is why I did not like to see new blood come in and pump this situation from .05 to the area of.20.
It's four times more "BAGGERED" from .05, than from .20 and cheaper to buy in at that level.
New blood did not have the inherent understanding of the experience of the longs from last year.
eom and THANKS for reading this... It is over, now.
Allen, (Chimaera1950)
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