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Re: A deleted message

Wednesday, 02/26/2014 11:38:45 AM

Wednesday, February 26, 2014 11:38:45 AM

Post# of 733173
Shifty.. I implore you to read the Federal Rules of Civil Procedure regarding Bankruptcies courts and what can actually be accomplished in there. Over the years only 3% of equity (common shareholders) have survived the hatchet of a Creditors Committee and their right to be at the top of the waterfall. Debtors for WMI signed off a GSA that toasted us, but Judge Walrath allowed a shareholder (Nate Thoma) to present evidence to the court and talk for over 5 minutes pleaing to the court to examine the Noteholders and their constituency.

Rosen worked for the Debtors, Susman Godfrey worked for Equity Committee. Rosen never worked for Equity, even though he said they represented all parties when pleaing to the court not to waste estate resources ans time on an EC. Judge Walrath listening to the plea of thousands of shareholders and US BK Trustee "Joe the Bulldog" installed a EC to represent the shareholders. We were never supposed to survive, but moves were made to keep us alive and it worked. That is the past...

NOW BOARD CAN WE PLEASE QUIT LOOKING BACK AND FOCUS ON FORWARD-THINKING. KKR HAS PLEDGED TO INVEST UP TO 1 BILLION DOLLARS IN OUR LITTLE SHELL!!!!WHY????



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