Again, if Susman went in there today and argued for an examiner the motion could have been put off again or (gasp) denied again, because he didn't give Weil enough time to give them the docs.
The clock is stopped til July 8th. Weil's POR is on ice and they are under pressure to make good and hand over what we want or we'll go for the examiner.
Likewise you need to understand, we're not going to settle for the first offer. Right now, we're setting the floor. Everyone should be thrilled about this turn of events instead of crying that now it's going to take a little longer...
Susman knows exactly what he's doing.
Now start asking yourselves why JPM revealed that million page investigation, and why now.
Here's some 8-ball for you.
Maybe JPM knows they're screwed and they plan on bringing down as many guilty parties with them as they can. No one needs to be exposed yet. The examiner is on ice til July 8th.
Maybe, JUST MAYBE they just exposed all of the other guilty parties to some of the heat, hoping they'll all pony up some cash in exchange for indemnification.
I have no reason to doubt that the investigation, MOST of which was compiled long before the EC existed is likely to have many dots which can easily be connected to the guilty.
I'm not saying this is happening... but it's definitely a thought.
Watch for a low ball offer. Then watch for Susman to push for the examiner and to push for the shareholder vote. By that time I'd imagine many of the guilty parties will be in full blown panic and will probably be willing to help JPM and the FDIC make us go away.
Just speculation on my part. Don't bank on it. Don't invest on it.
I am however betting on Susman. I think he's got Rosebuds in a box and as we witnessed today, Weil and the creditors are out of options. Without an examiner or vote pending, he's already looking for ways to include equity in the POR.
Today was a great day for equity. Stop complaining about a week or two when the DS is on ice throughout the same period.
Finesse... it's all finesse.
Set the floor now, then bring the heat. You don't want to deal with a low ball offer when you're about to slam them with an examiner. You want to go right for the jugular at that point.
"Exactly...let her give us the examiner and then we can negotiate from a position of stregnth rather than where we are now. I dont get it."
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