Venerable Words I want to see in the news!
This debtor has more than 800 million dollars of liquid assets, By any measure we're talking about billions of dollars at stake. The debtor has 19 sets of professionals, but adding one more could break the camel back? We can't afford a few million dollars so that Equity actually has a voice? The Equity OWNS this company. The costs of adding a committee are diminimus! And the reasonableness of those costs are subject to review. I have to come in and defend what ever those charges are. Were they reasonable or weren't they reasonable. We don't just run up the meter. We've already spent 65 Million dollars on professionals in this case. I think from the debtors point of view it's the perfect time to add an equity committee. There is no way, the fact is laughable, that equity could come in at the 12th hour and review a settlement and make any educated judgment. At this juncture, I hope for 65 million much of the spade work has been done. We (the equity committee) should be able to enjoy the bennefit of that spade work. And be able to make a knowledgable and inteligent assessment of the litigation.
Greg C.
Market Data 
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