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Saturday, January 21, 2012 6:52:57 PM
Here we are at what most people think is the end of the beginning and/or the beginning of the end in total. I always judge by one’s actions and the original actions in this case was to cancel equity, emerge from chapter 11 in eight to fourteen months. Of course, with all of the stolen goods intact and to go on with a little biddy company that was on no one’s radar which would have exploded in value after a confirmed plan - plus six months. Being a pre and post owner of WaMu securities, I have followed this intently from September, 2008 till present. There have been many twists and turns but this plan has not gone even close to the CRIMINALS original plan.
We have been saved by many events that should have shut us out early, only to be rescued what seems to me by impeccable timing, luck or is there something more? Somethin that has been forcing these so called ‘happenings” which always seemed to be in the nick of time. Actions like the President signed into law the Worker, Homeownership, and Business Assistance Recovery Act of 2009 (The Act) which immediately put an extra two billion dollars into the estate (signed into law 11/17/2009) that rattled the CRIMINALS. We now know that Rosie was going to introduce the plan that zeroed us out around the Xmas/New Year Holidays in 2009. But before ole Rosie could zero equity out, Mr. Joe McMahon showed up with “exigent circumstances” in mid December 2009 that forever changed the course of this case.
http://www.mckennalong.com/news-advisories-2217.html
Now we also know that there have been many happenings such as the aforementioned so I will not go into anymore other than to say it was only within the last six weeks that we knew equity was not going to be zeroed out under this current plan. Again, saved by the bell but much led up to this point. We have seen TPSC who is relentless and will not quit who also has very deep pockets. We also know that TPSC did filed a “Writ of Mandamus” with the Delaware court which Sleet denied. Now with only four weeks left before confirmation of this plan what will be next?. Without any doubt TPSC would have already known Sleet’s result and probably proactively filed the emergency “Writ of Mandamus” with the next level as soon as Sleet leveled his opinion and they will more than likely have to rule within two weeks which leaves about two weeks left before confirmation. Maybe just enough time to get the “Writ of Mandamus” to SCOTUS just in time for them to make a ruling. This of course, assuming the higher Delaware court will offer the same corrupt results as previously.
http://www.mediafire.com/?p5b2wlipsdupa9r
This is where it will be very interesting. I have no doubts that TPSC will continue their vigil and rightfully so. I have no doubts the Stern ruling was a result of the Kmart mess where there was another outrage of bankruptcy fraud by cancelling equity. Once they exited bankruptcy court, issued new stock and then all of a sudden this mysterious value from the land Kmart owned rose to the top sending their newly issued shares in SHLD to a eighteen month post bankruptcy high of $187.00 a share.
There is a huge push to force companies who file chapter 11 to do so in the state of their primary business to control some of this corruption in Delaware. My thoughts are there has to be some people in the land of jurisprudence who was outraged at the Kmart mess and Delaware that want to do the “right action” and MAY have their hand out in hopes of this “Writ” making its way to SCOTUS just in the nick of time. Well do you believe in YET ANOTHER COINCIDENT or is it just another happening? Then we have this very interesting filing by a European who with no doubts is trying to tell the Delaware court system something and is this something like do the right action or your plan will not succeed? Time is very short and will tell very soon. I say this travesty has YET ANOTHER twist left!
http://www.kccllc.net/documents/0812229/0812229120120000000000003.pdf
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