..... Thanks for the "Welcome" .......
Hello to all and Thank You for the "welcome" ....... No one likes a guy that just buts in ......... Yes it was Spot that told me about this stock (Thanks Spot) and Yes I've known BBan for lots of years .... Trade, I hope you are feeling well these days ....
Couple of thoughts ..... I yield to VC and the rest of the longs regarding the numbers, I'm not up to proper speed regarding any numbers breakdowns or PPS possibilities .. (Just that when reviewing the potential here, it's a lot greater than 15 cents per !)
I was pleased to see the transition to a Chapter 7 back in April .. This defines the distribution and an accurate accounting will be required of what is dispersed .... makes for a clean wrap up ....... I saw this as a "positive" to class 8, equity ......
The NOA filed in Mid May was also a procedure that was required ... Yes, of course, this could have been settled prior to the actual filing of the appeal, (5/31/2013) but the NOA is generally done to accommodate the courts schedule, give the court an opportunity to accept the case, (at appeals level, the appeals court doesn't always accept the case) and pay the required filing fees etc, etc.
Once the court accepts to hear the case, then the appeal or "Opening Brief" is filed .... That's what happened yesterday ............ at this level, the filings have word limitations ....
The next step is referred to as an "Answering Brief" .....
In between yesterdays filing .... "Opening Brief" and their responsibility to file their "Answering Brief" the possibilities for a settlement are extremely GREAT ......
IF, ... they file an "Answering Brief" then we have the "Last Word" to the court in our "Reply Brief" ..... I did not see any requests for "Oral Argument" so this should be done with all court filed, on the record, documents. Better for us .....
If the Appeals Court panel (usually a three Judge panel) finds any district court procedural problems they CAN send the entire case, or part of the case "Back" to the District Court level to clean up any issues ..... If this would happen, this would open up the possibility for additional discovery and a new court date (A New Hearing, if you will) ....
Is time involved? ... YES ....... but much more damaging to the other side .... remember, on the simplest level, they are being tied up in knots and every minute their money is tied up, is an expense .....
The BS Law firm are at the top of their game and as I said yesterday, the contingent payment issue is huge ...... they smell "dolla's" which means this stock pays out .....
I hope this was helpful to all as we hunker down for a bit ....
This time period NOW from Monday the 3rd through the required time given for the "Answering Brief" to be filed is critical to the other side ..... Once they "Answer" the can of worms opens up and anything can happen .... propably all bad for them .... time delays, sent back to district, more discovery, a new trial, anything can happen, all bad for them .. etc etc etc ....... This IMO, IMO, IMO, would be the time to attempt to settle all issues and concerns and for all to move on ......
Thanks Again Folks, ...
AZ
