Here's a few items that occurred to me today. All come from the same sentiment, Jest! I was thinking that very thing, so:
BK cases can take years AND we are now 3 years into this one!
Deep pockets often win out over individual shareholders AND we have an Equity Committee with deep enough pockets.
Assets are always hidden in these large corporate BK cases and it's legal as long as everyone on board, i.e. all "classes" agree. "Classes" is a legal term for creditors. If you don't know what "creditors" are then you better look it up; they / we are owed. AND, in this case our team along with the EC has turned up hidden assets and they will not get buried, again because the EC representing you and I, are not on board until they are valued as part of the estate.
Some attorneys suck at what they do and loose. AND, Susman doesn't.
Some ECs are full of clowns. AND, ours isn't.
Some shareholders argue and fight among themselves and take the fun and effectiveness out of their collective efforts, AND WE DON'T, much.
Sometimes, the economic, social and financial atmosphere or environment, if you will, suits the corporate raiders better than the stock holders, AND in this case it is distinctly different. WE have caught a wave of back-lashing and whip-lashing for the goons who try to pull this stuff over on citizen investors. The court hearing at confirmation was a joke as those men in charge of this goofy process admitted failing, flailing and not even caring about the disposal of the largest savings and loan in U.S. history!
So, there are more good points to be made but if it walks like a duck and quacks like a duck it probably is.
We have a winner in WAMUQ, imo.
