Dloggold: Look at those claims, no judge is going to say this is bad faith. Especially when taken into consideration the stock falling, no public filings, the news on Gwyn, Blackburn (the same court), and others. If the judge does determine "Bad Faith" I will be the first to post that if the stock has gone down because of the filing, there could be damages (I will even post the amount of damages that I see). Right now even if bad faith there are no losses to shareholders and stock has increased in value up to like 80%. On 1.3 Billion shares that would be like $10,000,000.00!!
Think of it this way, maybe the filing is a good thing for the shareholders as TECO will have to come clean and get all their ducks in a row for the bankruptcy court. This is something that a civil shareholder complaint against TECO could never do very quickly. TECO will be required to get their house in order!!!
Maybe this is what we are seeing in the market is that investors think TECO has a good opportunity but it was being squandered but now it will line up. For sure TECO will either stay in bankruptyc or they will get out of it with their house in order which is good for shareholders. I don't know, how this will end, but right now there are no losses to shareholders and if it keeps up the only loss will be if the judge rules the petitioners were in the right (and then the shareholders would have to blame the judge not the petitioners for losses)!!!!
SmackDown
