Turning of the tide & Rosie becoming defenseless!
There is no doubt after attending the recent hearing on 3/21 that the tide is turning in favor of Equity. I have said after the 3/21 hearing that I thought there was NOT any doubt that this Judge would like to see Equity in the money. Now does that mean just preferred or all of Equity? This is the ten to fifty billion dollar question. One of the most important things to note is Rosie does NOT know what Susman and Company has. This is going to get very revealing because if I was hiding all of my eggs and claiming liabilities are greater than assets, one would really have to worry about what kind of eggs PJS found. This should be easy to find out what WaMu had before bankruptcy, especially with the likes of Iron Mountain, previous tax accountants, previously filed taxes and much more that could have been found current all the way up to the seizure date. Now if Susman shows even some of these assets that Rosie has been hiding, he then has bankruptcy fraud stamped on his forehead. This should bring on a multibillion dollar malpractice claim against Weasel/Gotcha and Mangle, claw back of all of the legal fees now approaching one hundred and thirty million and much, much more.
What will Rosie claim and how will he act at Monday’s hearing? This should be very telling, as these multiple crimes have to be wearing on him. I saw him close up on 3/21 and he is aging very fast, not to mention appears very nervous when anybody mentions anything about assets. I am normally a very good read of an individual, especially after seeing and learning how one acts. Rosie to me now seems rattled, frustrated and very concerned as opposed to say one year ago. There is a huge change which tells me he is not sleeping well and is getting attacked on multiple fronts that we do not see. Keep in mind, great lawyers are usually several steps ahead of the average opposition, so this should tell you that Rosie has to know where Susman is headed and he does not know what he can or cannot show. His real and only recourse is to come clean and let assets start showing greater than liabilities if he is to avoid much of his personal disaster which is now coming is way at warp speed. I say Rosie cannot be stupid enough to go down with the ship, but his window of time is very close to being closed permanently for him, his firm and close to one thousand other lawyers. Is he greedy enough to compromise the whole entity? I say no and if I am correct the equities will be moving north substantially VERY soon. I expect you will see some positive action in this regard tomorrow.
Keep in mind, the Judge has not even ruled on E&Y which is a surprise because she usually signs these kind of filings the very first day or so. Now Rosie has a lot of homework to do and he has to show assets are larger than liabilities if he is to avoid this personal disaster. I just love this because he just does NOT know what non Debtor entities Susman has or does not have. Keep in mind Rosie has worked very hard at making many of these go away but history, previous filings and Iron Mountain does NOT tell stories. Also it is very clear to me this Judge has given EVERYTHING to her bosses from the Government except WMRRC and the NOLs which she, IMHO wants equity to have. She probably does not know and does not care about the entire naked/short illegal shares and this works to our benefit immensely. So with this little company carved out with the NOLs, if Rosie does not act positively with Equity there is no way he can keep from losing control. This is his only way now and this time starts very soon and maybe some indication on 3/28. The Judge wants him to stay in control without any diubt, but he has to give Equity their share or risk total implosion and devastation. I am more positive about ALL of Equity being in the money more now than ever. I sense Rosie bleeding internally and about ready to explode from an aneurism!
