Why would WC ever purchase commons if they could just make a bid in the BK process for the assets then up that bid to close on just the assets only to write off an additional loss of their shares. That email makes zero and I mean zero sense. The whole point was they did not believe they belonged in BK in the first place.
Why would they take this loss when they could have just waited to make a bid?
I would like to hear from Freedman not Hagen. Freedman is the one with the juice.
I don't want to call the email phony but uninformed might be more like it. Then again why would a long post that while holding shares?
So many things don't add up with the email. I dont think the person that got the email meant any ill will either.