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Re: makemoney54321 post# 110081

Sunday, 07/15/2012 8:54:32 PM

Sunday, July 15, 2012 8:54:32 PM

Post# of 116986
It's not 2% of what you have now. It's 2% of the company value which is unknown at this time. It could be 2% of a billion dollar company or 2% of a 100 million dollar company. Either way, we need to accept the 2% unless the judge gives us more. Honestly, With everything Goroyce and I have put in front of the judge. I would be surprised if it actually goes through. Even if it does, it still doesn't stop our other actions.

So that everyone understands:

9.4. RELEASES. ON THE EFFECTIVE DATE, THE DEBTOR, THE REORGANIZED
DEBTOR AND THE CLASS 2 PREPETITION LENDERS (COLLECTIVELY, THE
“RELEASOR PARTIES”) SHALL BE DEEMED TO HAVE RELEASED AND
DISCHARGED TO THE FULLEST EXTENT POSSIBLE THE CLASS 2
PREPETITION LENDERS AND ALL PRESENT AND FORMER OFFICERS,
DIRECTORS, AGENTS, ATTORNEYS, INVESTMENT BANKERS, FINANCIAL
ADVISORS, AND PROFESSIONALS EMPLOYED BY OR ASSOCIATED WITH
THE RELEASOR PARTIES (THE “RELEASED PARTIES”), OF AND FROM ANY
AND ALL CLAIMS OR CAUSE OF ACTIONS, WHETHER KNOWN OR
UNKNOWN, ASSERTED OR NOT ASSERTED, SCHEDULED OR NOT
SCHEDULED AND WHETHER ARISING UNDER THE BANKRUPTCY CODE
OR OTHER APPLICABLE STATE OR FEDERAL LAW, ARISING FROM OR
RELATED TO ACTS OR OMISSIONS (EXCEPT FOR GROSS NEGLIGENCE OR
INTENTIONAL FRAUD)
OCCURRING ON OR BEFORE THE EFFECTIVE DATE
OF THE PLAN AND THE RELEASOR PARTIES COVENANT NOT TO SUE ANY
OF THE RELEASED PARTIES WITH RESPECT TO THE CLAIMS RELEASED
HEREIN.
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