This document is really clear about the big fraud born in the 2000 from Syndicate 839 management to fraud money from all the company of TGL group, and leave TGL in ruin without nothing.
It's amazing that in the court the Judge don't see it
Things are not always the way they appear, especially when they are presented by the outfit that tendered for the LaSalle Series A Preferred shares at what proved to be a remarkably low price. I remember when the offer first showed up and generated quite a bit of enthusiasm among the Trainwreck common holders on the Yahoo board. At the time I expressed my opinion that LaSalle Cover was trying to steal the company. Or at least that part of the company that had some value (the Series A preferreds).
Keep in mind that (a) this was only a draft document -- what ultimately happened to the presentation? Did it get made? Was there an outcome? And (b) this was prepared in 2005. Three years later there was a payment that certainly had to make LaSalle Cover happy. But what else has happened?