there may be a battle ... but its a futile endeavor ... from law firms lining their pockets with our money and believing they're the smartest guys in the room ...
otherwise ...
The creditors committee is in chaos and therefore IMO an EXTENSION is a done deal and will be granted just so the JUDGE can sort that quagmire out ..... big changes coming there .... extra time is required
besides this is actually 53 different BK cases (jointly adminstered) ..... and the judge aint gunna allow 53 separate PORs multiplied by the number of interested proponents ..... the JUDGE just isnt going to create further chaos for her court ....
she's planning her retirement ....
EXTENSION will be granted ....
then its on to the next VERY VERY important date ....
which is .......
when MMPI amends its 2nd POR for the equity holders ... its coming .... and Dick (head) told the court its coming .... specifically for the equity holders ...
keep your laser vision on the right target ... although based on the window washing gambler being in such a debt death box i do not really expect a different result ...
the other very big deal is how the JUDGE will rule on the "New Value" issue .... pay attention to this issue ... do you know what im talking about ... if not ... be sure to educate yourself about it ..
this is contested and needs a ruling prior to approval of the POR
still believe this works best ....
extension granted ... divide and conquer takes down 4 more lenders ...
Judge rules the equity plan is New Value ... and MMPI amends the POR by scrapping the equity provisons and we go to a vote ....
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