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WaS

Re: JohnnyWinter post# 121306

Thursday, 11/19/2009 6:40:50 PM

Thursday, November 19, 2009 6:40:50 PM

Post# of 749756
If they stick around most of that debt is long term. They won't have to give squat the commons. They'll just escalate in value according to the value of the company.

If they get everything you've alluded to there, an equity committee will be a lock.

At that point the company would likely create new stock to raise money, which in my opinion would more than likely be preferred shares.

There's a lot of ifs in there and speculation on top of what ifs and I think is worthless.

You're entitled to think whatever you want but IF WMI gets all of that stuff, expect that equity will be represented in court.

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