Hi LuLeVan - I disagree with you that GB will be right on most everything he has stated. Someday recap/release will ultimately happen, but it is very unlikely that the commons will be worth $0.10 as he predicted. There is no rational basis to assume that the UST has the expertise to execute on a cram down with such draconian consequences for common shareholders nor is there any rational basis to expect that a public offering could be successful if it comes after such a cramdown. There will just be too much incentive for new lawsuits and perhaps push back by new institutional shareholders. For example, Investment Policy restrictions of prospective institutions again investing in companies which previously harmed or discriminated against common shareholders.
He has had a loan out on this for over 7 years.. how much do you think he has spent? He has never been right on any prediction, timeline, or administration that will correct this…
In fact his strategy has been so poor he admitted getting needed his father to refinance his signature laon because he could not afford payments…
Is that someone you want to take advice from with any REAL money?