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Iggles2009

01/20/10 3:16 PM

#53766 RE: hfields #53764

Nice!
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Madclown

01/20/10 3:32 PM

#53774 RE: hfields #53764

No Problem. It also lays out what the EC's vision is for a plan of reorganization which implies that they have likely had communication with Skadden, SVP and/or Canyon Partners. IHUB may be in this for the long haul but we are just along for the ride now. The big players have moved in and will be the driving force behind where we go from here. I think that with the numbers we are likely to see on the next three 10-Q's it will be hard to put a target entity value at a level that would suggest anything other that a substantial recovery. Barring any material changes to the liabilities subject to compromise, my guess would be that our opposition will be hard pressed to convince the court that there is no place for the current equity in reorganization. They will be lucky if the entity value is not well above $2.2 billion based on the most recent 3 months of EBITDA from the MORs.