Hello, Shaggybob
Patch isn't going to like this, but the truth is, I actually wished he would have endorsed my letter to Judge Bernstein.
And some time ago, I had written a letter to the SEC and OIG, in which I likewise hoped that Patch would have evaluated differently than he did.
But Patch is under no obligation other than to react in whatever way he chooses, as he has every right to do.
But to the point. The issue of a share reconciliation may be one Judge Bernstein doesn't recognize prior to granting a conversion to Chapter 7. Creditors and shareholders get wiped out, and the company is effectively killed.
What, then, if the issue is brought up again in the criminal case? And a share reconciliation is ordered at that time, revealing a huge phantom float? And further, if it is subsequently discovered that certain of the offenses charged to M&M were, in fact, perpetrated by others? What then?
In asking questions for which objectivity is sought, I will be jumped on for defending M&M, etc., which is not my intent. Just as it is not my intent to hold them guilty.
I just don't see how a favorable decision in the criminal case can be reconciled to an unfavorable action in the bankruptcy case.
