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Friday, December 18, 2009 3:39:30 PM
Once the 4 Billion is back at an account at WFC and we get the NOL amount within the next couple of weeks/months, that gives us about 4+4= 8 Billion dollars in cash > all the long term liabilities.
Plus the assets that already exist.. about 7 Billion, makes the overall A-L > 7 Billion.
This is where an EC comes in. Bonderman will lead the show with negotiations demanding something for the commons towards the end.
The very reason that the EC is being formed is because the UST and the judge think that there would be significant recovery for the commons.. We will most probably get the EC formally on either Tuesday or Wednesday and the SJ soon after. Then we have the Jan 4th hearing to look forward to.. Its going to be a nice roller coaster ride and all that matters is whether you have your shares... or not!! Its your choice!! all IMO!!
Anything that I post related to stocks is my own opinion and should not be considered an offer that you cannot refuse. But if you do refuse, my consigliere will be there to see you!!
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