Friday, March 26, 2010 9:33:36 PM
As we have known for some time, our only hope is that Solomon will determine that WMI has enough value to allow a different POR to be submitted to the court, probably by the EC via Venable. If a POR is accepted by the court that proves that WMI is truly solvent, to the extent that the stock is not worthless, the stock will continue to trade, and the value of the stock will be determined by how it is traded in the market and not by the court or by us.
If you should ever see the stock 'halted', you will know that the plan submitted today, or one like it, has been approved by the court.
The game is not over. Our team is coming up to bat.
EOM
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