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Re: UpcountryMaui post# 113178

Wednesday, 01/23/2013 2:20:23 AM

Wednesday, January 23, 2013 2:20:23 AM

Post# of 116986
The proper thing to do here is not wait on the SEC. I agree it is the same plan but at least they have admitted that chapter 7 is out of the equation. Lets not forget that their chapter 11 has STILL NOT been approved and I think they are hoping that noone objects to the plan. I think they are trying to low ball us but I do believe that there is still money on the table if we OBJECT. My feelings are that by disclosing enough of their plan that they will have met the SEC requirements moving forward ( I hope I am wrong and the SEC intervenes again) but it is up to shareholders to object to the 2% in hopes that we can persuade the court to give us more. I think the timeline for the court to recieve objections is set in exhibit A which speaks about the stipulations (I think). If that is the case then we have until tommorow. Many of us have held for quite some time and holding a bit longer will not make that much of a difference. They are playing poker with us and it is my belief that if we ban together and object that we can get a lager percentage. Any thoughts???
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