It is neither a happy nor sad post, it is a proceed with extreme caution post. There is nothing about this news release that is making sense. Remember last week there was a poster come on the board and asked if we wanted this to rocket north? I am now recognizing some of the names coming up on the board that belong to a group that play these things like a fiddle. Timing and false information make a stock go wild. Now I am just asking myself why this is so wrong, in that there is nothing official from any of the parties and the initial reports coming from reporters that have never done anything with this case. The GSA is dead, the GSA is not dead. There is no POR without a GSA but JPM and the FDIC do not need to be a party to the POR. The Equity will have control of the new company but will not have control of the bankruptcy. There have never been any leaks to the press before, oh sure Rosen’s buddies or the hedgies let a little somethn somethn, not in 32 months has anything been leaked to the press. All of this off of one document that had been filed for at least 12 hours and most of us had looked at and expected. I know I had read and filed the document the night before. Nowhere is it in any document that equity is given control, this is only from 2 unidentified sources close to the case. Note 2 gives it more credibility than just one. I would think just one leak would be hard enough to develop let alone 2. It just does not smell right and I think someone or ones is or are taking advantage of known and expected news and making a lot of hay about it.
I love Lindy
