It is easy to sit back and read your old posts to reassure yourselves of your precient knowledge but so far the company still exists, still ships. nobody is in jail. the sec has not stopped trading as they do in fact have the power to do but, as pointed out in court yesterday, they havent.
put down your prompting pages and talk to a securities atty or bankruptcy counsel. attend a hearing. stop writing what you know nothing about. good or bad, i took the time and expense to do so, and, given the opportunity i would offer dip financing. it is secured. it is very profitable. you not only get interest, which is worth nothing today, but you can also get fees and, i am not saying it will, the company succeds to emerge from bankruptcy, you can also negotiate for shares. would rather take a chance on GM but who knws.
funny you offer up only opinions and one sided at that .. zero facts and unfounded secret doc's .. clearly you're missing the point of law .. these deals go on for years .. the courts allows due process .. for both sides .. and no one in in jail because they're both on bail and the case has yet to go to court - the defendants have asked for extensions and the courts have granted them for due process and pleadings .. plus, the feds are waiting for the 2 insiders and their gang to hang themselves and rat each other out .. and that seems to be happening now with the opinion letter writing lawyers ..
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