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Monday, February 07, 2011 4:07:37 PM
Don I wrote this to Ilene this morning and if you want to respond I would enjoy your thoughts. Now, I know you and I disagree on this Judge and I would much rather you be right than me.
Good mornining Ilene and I hope all is well. Let me know what you think about this. The reason I feel Rosie has been so quiet is he is trying to get past the hearing tomorrow with the appeal being decided it is "moot" by the Judge so somewhere between Tuesday and Friday night he files his Wcrap that everybody thinks is dead. I know the GSA is still on going unless FDIC/JPM throw their one liner out saying they are out. I will bet that that not happened. If FDIC/JPM was NOT straddling the fence on this POR/GSA, this one liner by the criminals would have already been filed with the court.
I have no doubts the Judge will just rule the appeal is "moot" and move on without discussing and getting finality with the GSA. This is the loophole Rosie has been counting on so the appeal will NOT get elevated and he is quiet until AFTER the hearing.
Here is how I am going to play this. If the common get a run up to say fifteen cents or higher I will sell 30 percent of my commons and then repurchase far more if Rosie does indeed file his WCRAP. I hope this does NOT happen but if the run up is large enough, I will do this because there is no doubt in my mind he is planning EXACTLY this unless this is DIRECTLY addressed at the hearing and this POR/GSA is declared officially dead by the court. I just do not think the Judge will do this as I feel she is complicit with Rosie's crime.Just IMHO and please do NOT take offense.
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