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dannytwins

03/01/10 4:53 AM

#6258 RE: Faustilius #6257

At this point I guess I'm ready to go down with the ship. Maybe something good will happen. Can't go much lower. Almost at zero now.

Qbum

03/01/10 3:44 PM

#6264 RE: Faustilius #6257

Mr Dutch and EC petitioners: First, the company announced a long time ago, virtually when they filed, that they were pursuing a sale. That was the time to form an EC, just as the creditors formed theirs(though that is a given in these cases).

Second, and more relevant now, is that I noticed the EC folks did not file an objection to the pending sale, nor a joinder to that of the Committee of Unsecured Creditors (whom you also should have attempted communication with). Individuals have the right to this. The due date for objections was the 23rd. Silence is perceived as consent. So what is the EC for? Why would you let the event that will wipe out any chance of recovery, as infinitesimally small as it was, transpire unchallenged by you? I don't get it.