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survivor Spain

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survivor Spain

Re: igotcents post# 171010

Friday, 03/12/2010 2:39:14 PM

Friday, March 12, 2010 2:39:14 PM

Post# of 732521
We have secured 4+2.x=6.xB in cash only with this "low ball" offer ... this is not a settlement yet and A>L already.
Not yet even read by EC, UST, the Judge and not yet approved by WMI's board ... I mean, this is the starting point in the negotiation ... discovery, damages, etc are not factored yet and we still don't know if only 2.xB out of 5.6B of tax recovery is an acceptable share for WMI... BUT WE ALREADY KNOW THIS IS THE MINIMUN AND IT'S ENOUGH TO BE WITH A>L !!!

Leaving apart the PPS panic and the frustration having expected a real settlement instead of a low ball offer,,, today we have made a great progress!!!

Now the real negotiation starts...!!

Cheers!!!
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