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Sunday, October 02, 2011 3:18:32 PM
All these people are really saying is since we are in bankruptcy and if the CRIMINALS come up with something that Equity will agree to, basically the rules mean zilch including preferred status. This Judge will approve anything if is involves Equity in an overall settlement. Just because preferred rules are not being followed does not mean she will not approve. Everybody is never going to agree to everything so the rules mean zilch when the so called "power players" come to an agreement and if that involves converting preferred to common, then that IS WHAT WILL HAPPEN period and end of statement.
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