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Re: steel58 post# 244011

Friday, 10/22/2010 12:14:05 PM

Friday, October 22, 2010 12:14:05 PM

Post# of 729829
**Well, yes, that is the short end to this mess. The BOD could say lets offer shareholders XX per share, pay off the preferreds and end this rather than take the future risks.

One thing leads to another here, Mary Walrath mentioned the 'Domino effect' today.

Domino 1: The examiner's report.

Will it fall far and hard enough to tip over Dominio 2: the shareholders meeting.

Dominio 3: replacement of the board

Dominio 4: US trustee taking over, which spins off Domino 1, lol...

Dominio 5: Restart of litigation for assets identified by the examiner.

And so it goes... unless the Domino effect is stopped by a settlement agreed on by equity.

But we need that first Domino to fall hard and fast on Nov 1 and get this effect to start moving!
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