If you are looking at the JPM objection at its face and completely objectively I think you draw the wrong conclusion.
JMP is jockeying for position because they don't think enough money is coming our way. If they KNOW that money is coming our way, and it was enough to reach shareholders, then they wouldn't be worried about which creditor group they as bondholders were with. All the bonds will be paid before any of the shareholders see a dime.
Now if you want to go all conspirator theory or what you believe will happen you are reading more than that into this particular filing. I can tell you I believe something good will happen, but I don't think you can draw the conclusion this will be worth a buck because JPM is jockeying for position.
I will also say that I did buy another block yesterday to increase my position, so I clearly think there is a good chance we are on the right track, but again, not based on the fact JPM is jockeying for position.
This post is my own opinion, and should not be relied on for your investment decisions.