EI, thanks for the input ...
i do appreciate your thoughts and work ...
now one more thing ....
can you submit a basic competing POR .... assuming you have $300 million in cash .... so we can see what your opinion is regarding why you believe a competing plan will bring value to existing equity ....
ive challenged myself about this and i cant seem to come up with a plan that provides existing equity with $$$
here's what we need to do IMO ....
we need to provide the court with convincing and forceful evidence that equity exists (as is), no new equity is required, that MMPI is viable with restructured debt, and that the plan is confirmable ... take a vote, confirm and move forward ....
otherwise please share with us a competing proposal that in your opinion would bring $$$ to existing equity holders ....
which leads me to the conclusion, if we're not the competing plan, we're not going to be the equity holders .....