**I don't think this has anything to do with some amount the EC agreed to. It would indicate someone knows equity will get something, obviously more than what we are currently trading at, and it would have leaked. It could have been about another case, it could have been in reference to billing, or something else.
If the EC accepted an offer already, and 'did not hold out for more' and some creditor/noteholder knows the amount - it would have leaked to the MM's and others on The Street. Even if it was $1 - $2 per share, and 50% for preferreds they would all start trading higher imo.
Of course, it could be this person is remaining tight lipped, but if they are openly conversing about it in a public venue I highly doubt it refers to some settlement the EC accepted at that point.
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