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coldengineer

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coldengineer

Re: 10bambam post# 3298

Wednesday, 02/19/2014 10:00:21 AM

Wednesday, February 19, 2014 10:00:21 AM

Post# of 6681
I'm with you 10bambam. Yank's logic is reasonable and I agree with him on this lead fixing deal. Exide operates based on the LME and as Yank said, everything is contractual so it's going to be very hard to prove that the global price of lead was manipulated. Furthermore, even if Exide can prove this, it's going to be tied up in the courts for the next few years and will have no bearing on the bankruptcy. Anyone who is hoping that there will be a settlement to boost equity, keep dreaming...it's not going to happen.
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