Our time is VERY soon-Have patience Grasshoppers!
The POR clearly states that the EC will be disbanded in its entirety, along with cancellation of equity period. Now, I know what some of you will say to my question about who is going to pay Susman post POR confirmation. I know some will say he will take on a contingent basis. JPM is nothing more than a branch of the U.S. Government disguised by hiding behind a corporate title that has equity issues trading. There is no way Susman is going up against that without pay as he works and of course I could be wrong, but I doubt it. Not only that, but these criminals will be released on most major issues. For those of you that think Susman is trying to make a class action suit out this case at some point, I do NOT think you would lose the Chapter 11 case with Equity zeroed out and then think people are going to put up more monies to chase another rabid squirrel. I could be wrong but to me this does not make any sense.
I will go on further to say if PJS is any good at what they do, they would have had what WMI owned before chapter 11 filing and after in a very short period of time. That would have been very easy and only taken a short period of time, which would explain why they have not done much. It is already done and waiting for the timing as many people say, you cannot just go into court and blab. So now we wait for our turn in court. I have thought for a long time the EC was working indirectly with TPS and others, but would not divulge this. This also explains why the EC hits certain hot topics and the other parties hit the hot topics we do not. I am sure we will see some type of individual or corporate interest or even a POR based on the real assets, when the time is right. We SHOULD have an indication of this on May 13, 2011 if not before due to the Hedgies actions or no actions. I also said at the very beginning of this case, I was extremely worried about corruption reaching the Judge and ALL parties. After all, why shouldn’t I? Isn’t that how we ALL got to where we are?
I have also always felt that the competition would save us from corruption. Any good business person knows their competition and what interests they have and most people even know what their competitors are worth, know their subsidiaries and know almost as much as they know about their own business. With that said, I have no doubts people who have interests in making billions and billions of dollars are not about to let Rosie and his band of thugs get by with a 140 million dollar valuation on the reorganized WMI. All Susman has to have is a valuation by a reputable firm, interested parties (yes there are some-Susman’s filing) to show up at the confirmation hearing with either a POR based on the signed numbers by PJS or to show the Judge a confirmed interest with potential price tag and it is all over for Rosie. Yes, this could have been accomplished in a very short period of time, considering how long we have been here and Equity has to wait for their turn in court which, is rapidly approaching. So here is to BIG MONEY to the sum most people here could only dream of but first, PATIENCE GRASSHOPPERS!
