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Re: xangon post# 11731

Sunday, 10/07/2012 5:04:27 PM

Sunday, October 07, 2012 5:04:27 PM

Post# of 14551
I know there are...and I am so glad to see them all. You all have been very active. I was responding specifically to the timing mentioned in the Admiral's post.

The truth is that there are few options if/when the POR is approved. You can bring a shareholder's suit re: the fraud or you can appeal the decision (to approve POR) to a higher court. There are law firms who will take cases on contingency.

Unfortunately, as you know, our federal laws favor the debtor in the bankruptcy proceedings, and despite the fact that many individuals find it difficult to write an objection, or show up in court to speak, some judges have gone on record assuming that lack of mass participation indicates shareholder approval.

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