Replies to post #9200 on Corus Bankshares Inc. (fka CORSQ)

[hestheman]

I am looking forwrd to the 15th....I believe that is the next big date in court. I think by then we should have a pretty good idea of where we stand and if there is still a Mr. Big investor that has a POR up his sleeve. I do not know why Mr. Big is waiting until the last minute to reveal his plans, however. It seems to me that a POR produced by Mr. Big would take time to vote on and such. That's why every day that goes by diminishes the chances there is still a Mr Big, or new plan sponsor waiting in the wings IMO. I hope i'm wrong considering I have a pretty good position here and just bought more yesterday LOL.

[Billiam_2]

As I have stated, I think we will get a low ball offer of say $1.00/s. That would be a 10% return for creditors (instead of 5% in a POL), including a debt for equity swap. NOLS have been well preserved and Mr. Big can supply the shares to the Plan Sponsor. The Plan Sponsor would put in around $40MM and also get the cash (assets) say $25MM left. Actual cost to Plan Sponsor $20MM. For that they get a BHC and $650 MM in NOLS. A great deal for the Plan Sponsor. Equity would then increase as cheap assets were added from other failed bank institutions and also possible recovery from litigation with the FDIC. Hence 6 months down the road we could see $5-$20/s depending on success.