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Sunday, June 17, 2012 11:41:07 PM
One thing I know for sure is that equity needs to be represented during bankruptcy. If we're not we will most likely get nothing.
Whether an equity comity is formed or, at least, if there are some strong writers in the bunch that are willing to write objections and then go and testify to the fact that information was given to some before the masses then I think it will at least make it difficult on them.
I for one fully plan on writing an objection, if it does not look favorable for equity, but whether I'd be able to make a court case would be up in the air.
I will most likely put a call out in an attempt to find someone that has collect information from the board on the fact that trading has taken place due to insider information being given to clients (and maybe others) before it was released to the masses.
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