Visteon Corporation (VC)

[Gileon7]

I agree with everything both you and jimmy post. But I must add my little spin. It has been the justice system and judges like Sontchi which for years have silenced so many. They have sat back and permitted the "haves" to bully the "have nots".

Although the rules of Bk change things such as judiciary duties of BODs and management, one simple thing does not change: Stockholders own the company!

I do fully understand that in most Bk cases what the stockholder owns is either worthless or even will owe monies that will never be paid. But when Chris Sontchi takes a case and skews the rulings so blatantly towards the debtors it shows the flaws in the system. It is this that needs to be changed. It can easily be proven that Visteon is not in fact insolvent or is insolvent for that matter. It can easily be proven that Visteon can pay off its debts or not. An independent examiner would be able to finally determine what the value of the company is and give it a point from which to start.

Allowing a BOD which owns virtually none of the company to misrepresent financials in order to strike a deal that will net them 10% of a multibillion dollar company is not the "American Way" that we expect. Allowing them to cancel benefits that workers earned is not the "American Way" as it should be. It is the "American Way" as we know it because everywhere you go in every walk of life, the "haves" get special treatment while the "have nots" get really special treatment.

The American Way is not, "we should all have the same things, the same amount of money or even the same power", what it is (or should be) is "We all get a fair chance". We all have the opportunity to a fair fight; if we work hard we will be rewarded.

This has nothing to do with me or others who have invested here because we thought we would make a ton of money, I'm talking about those who have been here from the start. Those that have a life's worth of savings or more importantly a life's worth of work, invested here.