You addressed comments to Michael but here's my thoughts on them:
"... board could have written that preliminary report. we know all the allegations already."
Yes, we have all studied and researched all of these issues for the past 20 months or so but the Debtor's legal counsel moved away from pursuing these issues. So now the Examiner SEES the merits of investigating these issues and is pursuing all avenues to find answers to them for the Court. He is now posting in writing to the Court what we have all posted at the Boards or to the EC, the EC Counsel, and the UST.
"I thought a preliminary report included some type of conclusions, to be expanded upon in a final report."
Two things ... 1) Since the Examiner has asked for a clarification from the Court on confidential information, he's not going to release anything that might cause JPM, FDIC or the Weil to go after him and disrupt the Exam; and 2) I don't see him releasing anything that has not been thoroughly researched and verified and there's just not been enough time.
In order for the Examiner to do a through examination and draw conclusions that can be supported, he knows what support he needs and how much time it takes.
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