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Re: fsshon post# 322741

Tuesday, 07/19/2011 7:41:40 PM

Tuesday, July 19, 2011 7:41:40 PM

Post# of 730701
fsshon, as usual you have a vey good assessment and I agree on the most part. I have always said if the Judge wanted Equity to have anything, it was the NOL's and the small newcompany, exit chapter 11 like you suggest and carry on. One problem is the Judge has been doing ALL in her power to protect JPM, but that now has problems and falling apart at the seams. With ANICO, Stern and the SC decision, the best thing the Judge can do now other than completely deny the G.S. is to redo the POR herself by modifying Rosie's mess. She could give the access to Equity but that puts A>L and brings the Judge more issues. Many ways for this to go still and I think the idea of cancelling Equity now is only but a dream for Rosie!
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