Thursday, August 12, 2010 10:07:39 PM
The POS Rosen as a corrupt WMI lawyer. He is trying keep A five cents below L. The Creditor C has agreed to a false 8% discount on its bonds. The 8% looks like a discount to par value, its fake.
With this discount everything falls below L. But, the reality is that A is way above L. But, POS Rosen is trying desparately to keep it below so then equity get cancelled. And BK exit is quick. But, rest assured that the Assets are way WAY above L.
The only real question is will JMW actually give in to this BS or rule fairly that there are assets above A. If there are assets, those assets belong to equity.
I am not sure she will rule that way. She has rule everytime to listen to equity. But in the end, She could rule against us and say this should be a class-action decision not a BK after all. If you need a refrence look at the shareholder vote, she has yet to give us that. This says nothing about if the shareholder vote will actually show who is running the company and who is on the board of directors, which this board has tried to figure out with no success.
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