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Re: BKfinancier post# 3556

Monday, 05/02/2011 1:52:22 PM

Monday, May 02, 2011 1:52:22 PM

Post# of 8307
It's almost time to make OR not make the elections.
Not only am I confused by the confusing offer...even my brokerage is confused. They want me to call Kurtzman Carson (for explanations)...agent for the opposition! Some places they state that we must elect to get settlement. Other areas it says that we have a year from this settlement to opt in. I understand that in order to opt for reorganized stock they require you opt in NOW. My problem with all this is that they seem to state that opting IN is under the conditions of section 43.6 which includes releases. Reading the releases of sec 43.6 it appears to me that I give away ALL my right to ANY litigation. I certainly don't want to lose any rights we all have in other litigation re our claims! Am I reading sec 43.6 correctly...that opting in takes away our rights to litgate?
So, If we don't want new reorganized shares...can we simply hold out and do nothing till 12 months after reorganization is approved, and then opt in? Any viewpoints??

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