TMST, Inc., 8% Senior Notes (TMA.GB)

[56Chevy]

Hey LM good to see you. You're far from a novice bud.

EI's main body of work RE: anything Thornburg started on the THMRQ board a couple years ago and he'll more than likely continue that with an occasional post here. I opened this board so we could keep the peace with common shareholders. Our strategies, goals and discussions are as different as the securities themselves so it made sense to open this for Senior Note holders. For a long time Ihub wouldn't allow it but they finally realized just like the other large BK cases involving different classes it makes sense to give them each a board.

Yes -lots of litigation to plow thru here too. The fulcrum security in this BK is the Senior Notes. Period. Not sure you can buy Senior subordinated...they were all held by Matlin-Patterson and he needs $1.3 Billion. Highly doubtfull any water falls to classes below Senior when this is done.

Funny you mention how quiet he's been on all of his boards...we talked about that just last night on the phone. There's a couple of reasons really...he wasn't feeling well off and on over the last couple weeks. His day job hours have been increased significantly and even include some weekends...and he's having to study for a course he's taking...so when you add it up he's just had other things take priority. I think between all of that and everyone seems to be experiencing the "my investments are parked waiting for something to happen" mode there isn't much to say. I know i'm in that boat as well. I hate it but such is life for Distressed & BK plodders.

How about you LM? anything new?