Rosie IS suffocating! Choices very few to avoid total annihilation!
Hey Rosie, this turnabout that you and all of us have been witnessing must be Karma. I have no doubts we are getting very close to a major breakthrough of one form or another. Either way, it will be very good for Equity as we only get much stronger and forceful daily. Let’s look at some recent facts.
o On 1/7/2011 POS POR is denied but Global Settlement intact and is appealed by the EC.
o Walrath gives Thoma “hearsay” some legs with insider trading.
o Rosie announces POS POR 6++ and will have his wrap ready for Walrath by Feb/Mar 2011.
o Susman runs with and wins limited discovery on the Horsies.
o Horsies are subpoenaed and then the Horsies & Rosie forced into depositions with no relief from JPM.
o With the Horsies forced depositions, JPM/FDIC effectively throws Rosie & Horsies under the bus.
o Rosie announces he has a settlement with the EC and others-Rumor is TPS derailed this a little later.
o So much for Rosie’s wrap by Feb/Mar-Hearings take place for POS POR 6++ during July.
o During the July Confirmation Hearings – Insider Trading takes center stage among many other inequities.
o On 9/13/2011 POS POR 6++ denied with Insider Trading given “colored” outlook by court.
o Court authorizes more discovery due to Insider Trading but stayed pending mediation results
o Court grants Judge Lyons official Mediator with an update to court on 11/4/2011 with court date on 11/7.
o Horsies file for an appeal wanting out of Walrath’s court & Rosie files against his own client-Equity.
o Rosie is having real problems breathing and appears to be suffocating with violent nightmares.
This is where we are and we can discuss the next chapter. It looks to me like Rosie only has a couple of options left, assuming JPM/FDIC is going to continue to play hardball and stand aside. The one option would be for the Horsies to go down alone and I really do not think that is in the cards period so the real first option is for the Horsies to join Equity. Again, this is assuming mediation goes nowhere and I do not think they want to be bound by mediation.
If the Horsies join the EC, this means they will align against Rosie and the pressure will force Rosie to either join Equity also or pull the Global Settlement and failure to do either will destroy Weasel/Gotcha/Mangle. Another option is for there to be some kind of deal that will include Equity in POR 7 during mediation and if Equity agrees, that means the securities will survive cancellation. We will probably never see even remotely what we should but at least not zero and the long timers here will be worth more than they ever dreamed possible in most cases.
