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Re: Civil War General post# 315922

Friday, 07/01/2011 2:23:50 AM

Friday, July 01, 2011 2:23:50 AM

Post# of 734102
I agree with your post.

To add to it i would point out that they can not get a plan approved without all parties voting yes on it, unless the judge approves a cramdown because she's believes the POR is fair

That means even the common shares have to vote yes on this for the plan to move forward. We are automatically assumed to vote no when we are not given the chance to vote.

So If the judge really believes equity has value there is no way they can ever have an approved POR without us getting something.
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