PMI Group Inc. (PMIR)

[ilenes]

Gary, I don't see much tangible evidence that current shareholders will be issued shares of new stock, unfortunately. In my opinion, the US Trustee's office raised good points in their objection, and I was unhappy to see such little merit given to them. As stated in the confirmation order, the Debtor will have business going forward, but only three classes (creditors) will receive new shares.

Hope I'm missing something, but I think this is beyond speculative as an investment at this point.

Ilene