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ThunderBell

07/06/10 2:18 AM

#66267 RE: billyboy11 #66266

Interesting how the worm turns isn't it? MS & EB were close personal friends to some of those lenders.

$$ buy loyalty I guess. Patience can only be spread so thin.

CopperKen

07/06/10 2:22 PM

#66272 RE: billyboy11 #66266

Thanks Billy, and what makes them think that they can have the judge oust management and pick new management when stockholders still own the company?

1)Is there an option in Chapter 11 for this?
2)Do lien holders have more shares than CPRKSA?
3)Is this in lieu of a Chapter 7 selloff of assets?
4)Won't the judge recognize a higher value of the company in its present form if lien holders want to run what is already built?

sleep

07/06/10 6:18 PM

#66281 RE: billyboy11 #66266

I'm for the second option!!!