InvestorsHub Logo
Followers 93
Posts 5667
Boards Moderated 0
Alias Born 02/26/2006

Re: thepennyguy post# 146168

Wednesday, 02/03/2010 12:58:20 PM

Wednesday, February 03, 2010 12:58:20 PM

Post# of 735870
Rosen has cleared his slate for defending ONLY Creditors. From that POV, Weil had to TRY to protect thieir interests from equity holders as was their duty as stated in court. They (Weil/Rosen) HAD to do what he did to maintain his relationship with his client and future clients. Since the judge clarified that the EC stands, the next stance by Weil and Co will be to acquire every cent they can for all of us as a group because they need to TRY to assure that creditors will see as much as possible. As someone rightly mentioned before, Weil is now fighting for us indirectly as he fights for his client....the creditors!

Rosen and his tactics were harsh but I believe he knew all along that the EC would stand. It was good acting on his part! It will pay dividends to future clients.

-AJest

"On the whole, it is patience which makes the final difference between those who succeed or fail in all things. All the greatest people have it in an infinite degree, and among the less, the patient weak ones always conquer the impatient strong." - John Ruskin (1819-1900)

NOTE: Do not make investment decisions based on the information provided in my posts; past, present, or future.

LONG Positions: CLVLY - GELYF - PTN - WAMUQ - WAMPQ

As Always: "Trust But Verify" -Ronald Reagan

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent COOP News