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THE LURKER

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THE LURKER

Re: MarsBodo post# 52

Friday, 01/29/2010 11:13:44 PM

Friday, January 29, 2010 11:13:44 PM

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Just be aware that their plan all along was to cancel common shares and it seems to be a critical part of their restructuring to issue new shares to take care of things. I don't know if this settlement will change anything or not but I have to think that the company probably had a good idea that they would win and yet still wrote up the BK in this way. $100 Million is a lot until you apply it to $512 Million in claims and realise you're still $412 Million short. The money's got to come from somewhere.
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