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Alias Born | 10/26/2008 |
Sunday, June 27, 2010 10:24:16 AM
Delays, delay and more delays…what most legal firms strive for as they get to bill for the delay. Rosen will dot an I or cross a T in the upcoming revised POS POR and give preferred ten to thirty percent to show he is really working towards an agreement. He will leave the commons zeroed out thus preserving the naked/short shares at zero. This brings me to my conclusion for the next two weeks. I am afraid when Rosen submits another POR, they will get receive another two weeks to delay this ongoing tragedy.
I feel the EC should enter their own POR based on Rosen’s numbers, as that would put commons in the money. There is no reason to give away money and no reason to pay preferred in whole, just pay what has been suspended while continuing to pay the payment…so to speak. The EC can pu in sub notes stating the real POR will be submitted when the TRUE eveidence is turned over. This will leave much cash to keep pursuing the real POR while evaporating Rosen’s POS POR . The EC can just claim this is the way the POR should really look using Rosen’s numbers and more reason to immediately appoint the examiner as apposed to ASAP. I am hoping the EC is using this delay to do something really explosive like this.
There is no reason that I know to delay the approval of the shareholder’s meeting past Monday or Tuesday as this should not have to be heard AGAIN. So with all of these things in motion, I am expecting something very positive to develop and if it does not, this will mean the Equity is still not in control and will be very disappointing to me. At some point the Judge HAS to take control and make a decision weather it is good, bad or indifferent. For us to be here for twenty two months and still do not know what was transacted should be criminal in it’s own right, at least criminal to the ESTATE. It is time to quit making excuses for ANYBODY, ANYBODY…Buehler-Buehler.
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