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Re: GregoryM post# 18831

Friday, 08/19/2011 9:00:20 AM

Friday, August 19, 2011 9:00:20 AM

Post# of 52849
Is everyone getting the message now? A successful outcome of this litigation is not guaranteed. If, despite all the evidence supporting GERS, they are not able to ultimately prevail it is lights out for GERS. If they do prevail, as we expect, it is going to be a long haul; many months, perhaps years before we will see a cash infusion from this litigation. Anyone expecting a settlement has not been paying attention to the authoritative discussions here and on the Skunk Blog -- there is absolutely no financial reason for ICM to settle and not play out the entire hand. Any other expectation is just blind hope, just like a GERS share buy back. Thus, no cash settlement in the near future means that eliminating the toxic funding is unlikely. With YAGI conversions hanging over GERS head the ability for the PPS to move up is lessened. Until YAGI is gone, until dilution is no longer occurring, until balance sheets look more respectable we will have a long haul here. That has been my continuing message since the day I started to engage here. The window of return is years away. Nothing has really changed.