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Chiron

12/18/09 11:52 AM

#128340 RE: jhdf51 #128339

Here is one interpretation from another poster which I agree with:

"We had this discussion once before when Matt asked a similar question of Tal, and got the same response.

Bopfan's explanation was that Weil could not speculate about what might happen in the future, but would only state the facts as they were at the present. Given A < L now, their statement is accurate as of this date.

Obviously I expect future results to be different."
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joe513

12/18/09 11:53 AM

#128345 RE: jhdf51 #128339

The debtor stated in court that they believed there would be no recovery for common and doubted any for preferred. They referred to the quarterly operating reports of assets vs. liabilities as basis for that opinion.
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GungadinGalunga421

12/18/09 11:54 AM

#128347 RE: jhdf51 #128339

the other side said it ......