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Re: wamuvoodoo post# 345206

Thursday, 11/17/2011 9:20:07 PM

Thursday, November 17, 2011 9:20:07 PM

Post# of 729793
There is always a risk we could lose in an IT trial against the SNHs. Yes, we've got a great case - but it IS possible we could lose. A settlement ensures recovery; going to trial does not. Kind of "a bird in the hand" type thing.

I, for one, would like a "bird in the hand", especially if it starts with preferreds getting upwards of 10-20%, and equity in the new company for Prefs and Commons.

And a litigation fund to go balls-out against JPM for more dough.

GLTA

Jack
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