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Chiron

05/06/10 8:50 PM

#21433 RE: mordicai #21432

Now the EC through Sussman needs to shove that information in her face and get some value for us.
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sidedraft

05/06/10 8:54 PM

#21434 RE: mordicai #21432

Do you think that based on all of those exhibits especially, that the judge's statement,

...should be sufficient time for the EC to conduct whatever investigation it feels is relevant.



would have to include any/all areas mentioned in the motion/exhibits?

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49823842

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Docsavag

05/06/10 10:19 PM

#21436 RE: mordicai #21432

Mordicai, I think Justin's opening remarks laid out very well many of the points that have been discussed on this as well as other boards, yet which Weil and Co. have apparently chosen to avoid for the most part. They are now a matter of record, and I believe Judge Walrath will hear of them again in more detail.
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Lawrence 147

05/06/10 11:04 PM

#21437 RE: mordicai #21432

Mordicai,

At first, I was extremely upset about the way this went down. That is strange because shortly before the meeting started I had made a comment that I would have preferred to have Susman as the independent Examiner. Well it looks like I got what I wanted, so why was I so angry? I was angry about the way the judge went about delivering her decision although it was precisely what I wanted. I have read the posted transcribed decision from the judge and still think there must have been a better way, though I do not know what it would have been.
She gave the EC the same basic powers as the Debtors, I am sure that had to make them happy. But what I did not see from the judge was the ability to go deeper in the investigation, perhaps it was there and Susman is expected to take some sort of obscured clue. She did not appear to allow a deeper investigation as it appeared she had in the same breath limited the EC to the same information that has already been through discovery. Perhaps Susman can narrow down the further request for the rule 2004 discovery to a level the judge will accept and still be beneficial to the cause. I still have high hopes for the commons and wish now that I had sold more yesterday as it will now surly take some time to recover and I could have rolled it into another 1/4 increase on the number of shares. GLTY
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sunshinevibrations

05/07/10 1:42 AM

#21451 RE: mordicai #21432

Well said. Good point. Thank you, mordicai.
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hestheman

05/07/10 10:07 AM

#21459 RE: mordicai #21432

Another good purpose for the examiner is it would have given us plenty of time to have our shareholder meeting, elect a new BOD and completely change the scope of this BK trial. IMO it is still bad news we did not get an examiner but we are not outta the game yet.