Good news for Equity on/before March 9th!
The way I look at where we are and where we are going in this case is to go on the actions of the players involved. I think we know the Hedgies had to have their information in this past Tuesday. Now we know we got a buzz out of Rosie, as the Debtors actually filed an objection to the court about the EC’s discovery and documents relating to the Hedgies. Obviously, Rosie and team are worried that some of their documents may show up implicating them with bankruptcy fraud. What other reason would Rosie have to make him file this ridiculous two page objection? I think this action shows his desperation on who is throwing who under the bus.
We have NOT heard one peep from Susman and Company which tells me he already had the evidence, hence his short timeline in agreeing with the court. I firmly believe Susman needed the discovery approved by this court as the information and evidence he already has IMHO could have come from another source that may have not been recognized by this court unless discovery was approved. With no response from Team Susman and since I believe he has the evidence, there is only one of two choices the Hedgies would have. One being gamble on what level of destruction Susman would do to them or number two would be to work with equity and I believe any reasonable and fair person would choose the latter.
Now assuming I am correct with Susman having the proof on insider trading, there is no doubt in my mind that we will see something extremely positive for Equity on or before March 9th due to the objections for the Disclosure Statement being due. I say this because I cannot imagine the criminals letting Susman file criminal evidence of wrong doing with the court if they can avoid it. If the insider trading leads to Weasel/Gotcha and Mangle which IMHO would also include bankruptcy fraud, then you will have to see either Rosie bowing out and letting Equity take the lead (thus 8K filing) or equity being invited to the table. If this happens the current POR dates could stay and only the real assets added and other criminals contribute or the claims will start in ‘earnest’ by the Equity Committee. Then a truly real valuation will ensue and equity prices will re-value themselves as filings and this case progress.
