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Re: WithCatz post# 355617

Saturday, 01/07/2012 12:38:39 PM

Saturday, January 07, 2012 12:38:39 PM

Post# of 730279
I can see how this hurry up voting could lead to all sorts of problems and how if people are not prompt and careful, they could get left out in the cold with nothing. Now everything may change as a result of objections in the DS hearing, but as I understand it now, they are going to start soliciting votes from equity on January 16 and the ballots have to be in by February 2. You have to grant the releases by February 22 and assuming the Plan is approved, if you don't grant the releases you receive no shares in NEWCO and you have no further opportunity to grant releases and get your shares. I don't see any way that everyone is going to be able to comply with that short timeline and I really hope equity folks at the DS hearing loudly object. People are on vacations, maybe on a cruise, maybe living someplace with slow mail service. I know I waited over a week to get my ballots from Schwab and others waited longer. I think this is a train wreck just waiting to happen.
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