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Re: WithCatz post# 243181

Wednesday, 10/20/2010 7:45:12 AM

Wednesday, October 20, 2010 7:45:12 AM

Post# of 730758
Catz -- Question if you have the time --- In regards to these valuations from examiner, and very hopefully subsequent POR filing from Solomon, EC, etc. -- Wouldn't any POR that Rosen presents be better than anything Solomon could present in that Rosen's will be written to wipe out equity, thus get more value for the others down the road? I would think everyone but equity and some others that objected to the DS would vote to remove equity and then later find the funds to emerge with a new company with themselves as owners. Not having to pay equity means more for them.

So if there are now competing POR's both with all creditors/debtors being paid in full, can judge rule in favor of one if it didn't get enough votes? Can she say, use Solomon's since everyone gets paid in full? I assume FDIC has no vote here, but I could be way off on that. Also, if a POR is voted on, regardless of examiner's findings, does any illegality get dropped or does Susman or some other firm, if Willingham or someone else is willing to pay them, bring up lawsuits later? I would assume after POR chosen that Susman can't get paid from the estate's tab any longer.

As always, thanks for your superb contributions/opinion/DD.
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