Corus Bankshares Inc. (fka CORSQ)

[Billiam_2]

Looks like the dirty laundry list. LOL. The plan sponsor will probably want to discount the assets figuring losses on on all the outstanding litigation. The Fremont General BK comes to mind. We could see a POR offering at a couple of bucks per share with a debt for equity swap and if any of this litigation goes favorable it would just increase equity. That would still mean a 25% recovery for the CC. Much better than 5% currently offered. Even $1/s would be better if potential wins belonged to equity and the CC were part of equity.