Replies to post #464 on Got Parlay?

[fsshon]

Here is good discussion for this board...

In Weil's motion to disband the EC, they bring up the value of equity and preferreds as a clue to the market capitalization of WMI. Let's see in the legal world "is this a precursor that will allow Venable to argue for a new Cusip?" Did Weil bring this up on purpose and as a clue to Equity to get their attorney to argue for a new Cusip #?

Is Bonderman still here and is this part of the strategy to trap the shorts? Look if I invested 1.2 Billion of my firms money and another 6 Billion of private and public investors money in a venture and the government screwed me and my investors out of it, I would absolutely be livid and use every legal channel I could to have some or all of my original investment returned. TPG got screwed on this deal and IMO is still somewhere in the distance, watching from afar. If this is true and Bonderman knows or suspects the FTD's and Shorts are responsible for killing his investment, he is going to use whatever approach he legally can to get his point across.

Weil opened a legal door, now Venable has the legal right to argue for a new cusip using the injury to the shareholders approach. Weil would not have put that info in the brief, if they did not want Venable to get it. Venable now has a legal right to bring the point of excessive injury to shareholders "front and center" in the courtroom. This is where a de novo precedent would need to be set, I can not find any case where this has happened before.

From Brief: The Equity Committee goes on to allege that the market value of WMI's
common and preferred shares indicates that there is $500 million in equity value of WMI. See
Equity Committee Objection at ~ 12. This, however, is a fallacy. As this Court is well aware,
common and preferred shares of bankrupt companies commonly trade at prices above $0 right up
until cancellation. Essentially, the positive trading price ofthe common and preferred shares
represents option value, nothing more. Thus, the market data cited by the Equity Committee
merely reinforces the reality that the market confirms the Debtors position - equity will likely
receive no distribution.

~Fish~

[uzualsuzpect]

thats a son of a gun too. i have been keepin an eye on jalsf only and NOT the other...