**JH doesn't work for equity. JH works for the court and the BK process as an impartial, external viewpoint as their is an adversarial relationship between the debtors/JPM/FDIC and the EC. Walrath decided not to play the debtors game anymore and unleashed him to get to the bottom of this assets issue, among other concerns raised.
While I believe the examiner will find more assets, and evidence of malfeasance in this case which will lead to further investigation - I also thought we were getting some kind of reasonable settlement on 3/12, at the very least for preferreds. I was wrong then, and I certainly do not want to be blindsided ever again by this case like I was that day. Had I not been in as great shape I probably would have been one of these people you read about getting a heart attack from watching a stock drop as I saw my PQs collapse to $8.
Emotionally, I have to 'accept' all possible outcomes here, including one where JH is either incompetent, biased against us, or 'bought off' by the other side to produce a negative report for equity on 11/1.
I believe with all my soul equity is being severely wrong by the debtors/JPM/FDIC in this case, and there is enough surface evidence to prove it. I believe in Susman and the EC. Otherwise I wouldn't be here. But I cannot let myself go into 11/1 without some mental and emotional protection like I did on 3/12. That's just me, I am prepared for the worst but positive for a good outcome. I simply do not trust anyone who isn't explicitly working in the best interests of equity proven by their actions.
We know the truth here, the EC knows it, Susman knows it; Walrath? She's getting there, but has obviously put all her faith into the Examiner.
News 
Market Data 
Discover 
AI
