News Focus
News Focus
Followers 149
Posts 11209
Boards Moderated 0
Alias Born 06/30/2005

Re: REALtime64 post# 347147

Wednesday, 11/30/2011 8:43:18 AM

Wednesday, November 30, 2011 8:43:18 AM

Post# of 749756
You, of course, realize that there would have to be $60 billion in cash in the estate to give the U's $24/share. I think we are a little short of that number...
And even if there were $60 billion, the judge would kick us out of court because WMI would have no reason even to be in bankruptcy; they would have more than enough money to pay all creditors 100% of what they are owed, and even after doing that they would still have a huge amount of cash to continue operating.

Love that rate of return: $8000 for every $1 invested at today's pps.

Any legal analysis I post may not be relied upon by anyone for any
purpose. If you want legal advice you can rely on, hire a lawyer.


Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today