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Re: MGTY1 post# 973

Tuesday, 01/12/2010 3:58:55 PM

Tuesday, January 12, 2010 3:58:55 PM

Post# of 4759
Right MGTY1.....I think we have just about all the publicly available info that's out there. I searched again today and found a new article, but it didn't say anything new, other than a copy of a nasty letter sent by the employees in India to one of the WRSPQ directors, threatening lawsuit and criminal process because they got screwed, which is to be expected actually. I go back and forth on my feeling as to what may happen.....today, I'm leaning towards Liberty junks it and walks away with assets. Just don't feel like it makes sense for Malone to keep wrspq intact. He's getting the assets cheap, because he paid little for the creditor rights in BK, so liquidating in satisfaction of the debt he now controls is probably less complicated than keeping it going. I just can't get passed closing down of India. That move doesn't add up towards keeping wrspq as going concern. but, tomorrow, I'll probably change my mind!
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