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fsshon

02/24/11 3:29 PM

#278433 RE: longhaulq #278420

No, what is their motivation for signing off on a GSA that does not give them indemnification in the language? WHY? Would you sign on off on it?. I think we have a good case for the shareholders meeting, the only problem is the insiders now have the majority quorum and we would just have new board members who are well-connected and installed by the likes of Jamie Dimon. As far as we know TPG still owns all their commons. That alone is a majority of voting rights. What would be their intentions in this case? Joyce talked with Bonderman and basically found he didn't care to participate, but I am sure his firm would vote thier shares.

I am sure Susman Godfrey figured out the Board was stacked and it was not worth pursuing any longer, because the shares have slowly been accumulated by the players who want us gone. Not sure what TPG would do, but that old saying if TPG gets paid inside this bankruptcy, we get paid. What if TPG bought up the bonds after the 2019's? We just do not know, but does Susman know? i.e Hoffman

We may still have some Board members fighting against this, we just do not know, because everything is secret and sealed.