InvestorsHub Logo
Followers 0
Posts 52
Boards Moderated 0
Alias Born 09/27/2012

Re: jcwillis post# 282

Monday, 05/13/2013 7:15:18 PM

Monday, May 13, 2013 7:15:18 PM

Post# of 319
I do not expect the judge to do more than he already has to save the commons which has been alot given the fact the bondholders are still locked up as of now. The CCCA does give him a lot of flexibility in the way of steering the boat regardless of what business decisions the management decides. The big red flag was the consulting fee for doing the obvious at 30k a month and it passed review with no issues from the judge. He could have made it an issue along with filing the financials directly or indirectly. So for those retail still thinking he is looking after retail should view things as more he is doing what he thinks is the best way to unwind this company.

You are correct no big players will be leaving much on the bone for the common, it just doesnt work that way.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.