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Re: mypenneys post# 316558

Sunday, 07/03/2011 8:37:14 PM

Sunday, July 03, 2011 8:37:14 PM

Post# of 730095
There is no way IMHO POS POR 6+ will go forward in its current form as Rosie is not that stupid to be officially committing bankruptcy fraud. He has been shown the valuation from PJS (assuming equity is not sold out) so without changing POR 6+ it would be the same as suicide. One of a couple things has to happen besides a potential delay, a new and improved POR, Rosie pulls WMI out of the G.S, Equity or someone submits a competing POR or the Horsies all agree to an agreement with Equity to take WMI out of chapter 11 with the New Company and continue litigation against the perps. You can take to the bank the POS POR 6+ will NOT go forward in its current form without changes and any change at this point would have to be Equity positive.
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