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Wednesday, January 13, 2010 9:11:07 PM
I know early on in WMI's chapter 11 (October,2008) that it may have been important to show WMI insolvent, at least the way Bopfan explained it. What difference does it make at this time that WMI be shown insolvent? They were very clearly made insolvent by losing the main part of their business so what is the point after sixteen months?
I would like to know why we have not been shown the truth as to what WMI really owns and why hasn't the Judge even questioned this? It is very obvious our own legal team has been manipulating the price of the stock by continuing to claim liabilities > than assets.
I think we found out why our legal team was trying to do this as to zero out our own shareholders and claim billions of dollars for a very small group of SPECIAL corrupt individuals.
How can the legal team continue to keep misrepresenting WMI's true assets like all of the subs, numerous pieces of property, Providian and tons of other assets? The asset side of the balance sheet has been cherry picked as to only show certain assets and I do not want to be a "negative Ned" but with all of this fraud going on around us, could someone possibly explain how the legal team can get away with not even discussing what WMI truly owns?
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