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Re: None

Monday, 01/11/2010 8:32:16 PM

Monday, January 11, 2010 8:32:16 PM

Post# of 729541
Did Weil and co. send in FBRC to take us down from .44?


29. This conclusion is supported by prevailing market indicators, which courts have recognized as the best indicator of a debtor's perceived solvency. See Statutory Comm. of Unsecured Creditors on behalf of Iridium Operating, LLC v. Motorola, Inc. (In re Iridium Operating, LLC), 373 B.R. 283 (Bankr. S.D.N.Y. 2007) (noting market data is the best determinant of a company's solvency). Here, as noted above, WMI's junior subordinated debentures are trading at approximately 50 cents on the dollar - a deep discount to par.5 In addition, equity (ticker: WAMUQ.PK) is trading at approximately $0.19 per share - a further indicator that the market does not believe shareholders will recover any value on account of such 30. In short, as noted stock 6.


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