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Wednesday, 06/08/2011 1:56:49 PM

Wednesday, June 08, 2011 1:56:49 PM

Post# of 735996
[9:26] COFFEY: GOOD MORNING, YOUR HONOR, JEREMY COFFEY, WITH BROWN RUDNICK, ON BEHALF OF THE TRUST PREFERRED GROUP. JUST A COUPLE OF QUICK POINTS - ONE, I UNDERSTAND THERE HAVE BEEN ONGOING NEGOTIATIONS BETWEEN THE PARTIES - WE HAVE NOT BEEN PART OF THAT. WE'D LIKE TO BE. WE HAD A MEETING YESTERDAY WITH THE SETTLEMENT NOTEHOLDERS - I'LL CALL IT PRELIMINARY BUT CONSTRUCTIVE - BUT TO DATE, WE DON'T KNOW WHAT THIS NEW PLAN WILL LOOK LIKE,
UM, WHILE WE DON'T HAVE THE DETAILS OF IT, MY UNDERSTANDING IS THAT WHAT IS BEING DISCUSSED IS FAIRLY SIGNIFICANTLY DIFFERENT THAN WHAT IS ON THE TABLE CURRENTLY. I JUST WANT TO UNDERSTAND WHAT WE'RE TALKING ABOUT IF WE'RE SETTING A DATE FOR JULY 5TH.

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