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jackfburns

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jackfburns

Re: None

Thursday, 05/19/2011 4:12:54 PM

Thursday, May 19, 2011 4:12:54 PM

Post# of 735068
I've spent days thinking about it, and I can't see any more positive development in this case than the EC's voluntary non-filing of an objection.

Without that objection filed, the EC cannot introduce new arguments at the confirmation hearing; they're limited to their previous objections. Those objections don't detail the extent of the SNH's insider trading, or PJS's valuation, or the extent of undervalued NOL's, etc.

Agree to Owl Creek's fifth depo extension, ostensibly giving the EC one week between that depo and a confirmation hearing? No friggin' way.

My hunch is a term sheet is in place that compensates for not filing an objection.

My hunch is we see a settlement before June 6.

GLTA

-Jack
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