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Alias Born | 10/26/2008 |
Wednesday, September 07, 2011 5:07:08 PM
I analyze both sides of the coin for board discussion, so for all of those naysayers you can save your “waffling” comments as most people would not care to read it. I have kept thinking about Walrath’s comment along with the recent Starke and Walrath debate over jurisdiction and other. The Judge’s quote has rung a bell with me finally but I could be off base. If not, this could be telling in a very positive way. I believe for all intensive purposes if the Judge were to sign this POS POR 6+, barring any immediate stay from a higher court, then WMI would be exiting chapter 11 in an extremely quick fashion with exception of final administrative purposes.
Now to my point, it would seem to me this Judge’s jurisdiction ends after WMI exits chapter 11 and almost “the world” gets released according to Rosie’s plan. With that said, the Judge’s opinion on insider trading may carry some weight but since this would be out of her jurisdiction, why would she be concerned with discovery. I would think she would ONLY be concerned with discovery and have jurisdiction IF she denied this plan, NOT if she approves this plan. If the Judges thought process was to issue full discovery on all four Horsies, then it would seem to me the only way this could/would happen is if she denies. If I am missing something here, with all due respect please inform the board.
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