When I look at the US banking system, it appears as though the government is quite lenient and, in fact bails them out. Also, look at Geitner's tax returns and how forgiving they are towards him. These are unusual times and the Judge should show mercy and recommend a government sponsored stimulus plan to help the failing real estate - IMHO.
I would love to know if the shareholders voted to sell the company. If so, I would like to know what information was presented to them prior to the vote. Perhaps the shareholders could not vote due to the CH11? The communications from LandAmerica are absent, to me anyway, and causes much speculation. This speculation, combined with inaccurate information from Yahoo and other sources make this a very challenging stock.
It would seem to me that with some investors committing millions of dollars, there would be some type of public communications, even if they don’t know anything, something would be better than silence. Yet, perhaps, LandAmerica is communicating with 80%/majority of the shareholders, and we on this chat-room are simply not privy to it.
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