First of all who is Tal Sapeika? Is she a receptionist at Weil?
Has WMI ever had a news release that stated they do not expect any recovery for the commons or that the commons will be canceled?
If not, then it is unofficial insider information from an employee of Weil.
I did not know that you have been posting here as long as Mordicai - my apologies.
So what you are saying is that an employee of Weil made a private comment that as of this moment they expect no recovery for the commons due to the liabilities exceed assets.
In the event however monies are recovered in the lawsuits and assets exceed liabilities then that will change to recovery for the commons.
This same employee of Weil also said there were no plans at present to cancel equity.