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Re: Chili Palmer post# 271

Tuesday, 04/13/2010 10:29:05 AM

Tuesday, April 13, 2010 10:29:05 AM

Post# of 425
Of course and in reality my understanding for the past 10+- years he has never really owned more than 35% of the company anyway and 10% of a company that is worth hundreds of millions of dollars is still 10% of hundreds of millions and worth more, much much more as the company and the economy strengthens! Not bad in my books!

I'd rather be a minority Shareholder with that kind of stake in a company worth hundreds of millions than a majority Shareholder in company not worth hundreds of millions, but that's just me. LOL!

To your other question. I have seen nothing to that effect! It is my understanding one of the primary reasons the Judge ruled this way was specifically looking at just that with obvious focus being larger shareholders but I have seen nothing that would indicate the common shares would be in any way eliminated.

What I do know is that the competing Plan from Carl Icahn would have seen everyone else wiped out!

I am still looking to gather information as others should also do as well, but I do not personally think we are too bad considering and all in all much better off in any case either way because Icahn Plan was one that would have seen any other investment wiped out and turned to being made worthless.

The economy is recovering and so are the company and shares for that matter! I think it will do better out of Bankruptcy that in but that is just my opinion! All of course IMO and your should play it as you see fit but think I am going to see where this one goes and personally I think its future just became alot brighter! IMO!

Go Luck to all!

Go TRMPQ!



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