Well Judge Gerber is looking at the data from the hearing and as more and more time passes, I think it is safe to say he does not see one clear group was correct and one was wrong.
The stock has inched up but I think that is more warranted from Natashia stating that stockholders would receive on the higher end of the debtors POR. We have not witness any surge past that .54-.57 range which would be in the 10-10.5% of the offering. Jokes aside, it looks as if no one knows exactly what is going to be Judge Gerber's ruling.
Since the hearing date, CEMJQ has agreed to settle one large EPA claim, G. Canal in NY, for 3.9 million when U.S. originally stated cleanup would be 1B. The Stock Offering for all classes was pulled. CEMJQ has increased prices on some products. As time continues to tick and these claims or profits come into the company, the waterfall effect will result in greater returns for stakeholders.
The 15th of Oct. is a major date in the Debotors POR because of contracts between finanical institutes that have to be executed. Does not mean that Judge has to act by that date and he let that be known during the Sept. hearing. If nothing by that date from Judge, then, the Debtors POR is not going to be easily amended and may have to go for a revote which would add 30 days to any exit from BK.
MC's blog has an excellent look at high and low valuation for CEMJQ and if you have not read I would recommend reading. Just felt a quick summary of the past two weeks was necessary.
AI
