Certainly I agree that it is important that we shareholders survive the Ch 11 process, and yes exactly for the reasons you state.
Still, having seen the results of the bk process of some of the large corps of late, I have become sceptical of the right action being taken wrt our X. ... perhaps this feeling being re-enforced due to our Pink status these days. This seems to go on so much with so many companies on this level that the courts just cannot deal with most of them with any degree of 'honour' to the process and system.
The X can and should be an exception, but really, an exception should not even be required. The Sec is trying, but the army needs to be larger since many of these cases (especially BB & Pinks such as CMKM diamonds coming to mind) take forever and at the expiration of six to ten years, who remembers what with which event and when? ... just the point being that by the passage of time the truth of what transpired gets mired in murk, faded memories, new staff, lost documents and a myriad of other weakening events...
Sorry for my Canadian rambling... but I think you can see why I have become skeptical of the legal process here. Bottom line is that for the right thing to happen the Judge must see the Light and act on Truth. May it be so. Has Monty asked NIPRID?
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