totally agree fssh... there are some good folks on that EC looking out for all equity. As we are apparently at the end of the line, and more apt to get schnorkled than most...the EC is a godsend. Beyond what seems offensive on the face about what WMI attorneys are saying about equity, I believe they need to say this to support the larger picture.
That is just a dangerous position for these attorneys to maintain for too long. For God's sake, THJMW better rule pretty quick here on something because there may be some holders of this who were boinked originally (Sept 08) and now hearing "no equity" again...is just dangerous for these attorneys to support for longer than is absolutely necessary. Someone better make a move here pretty quick or...ya know...this thing has the potential to create some scenario that is just downright ugly.