ND9, I think absolutely Tricadia/Mariner has a plan.. We were lucky to get the UCC's description of their intentions, otherwise I don't think they would have revealed them.. ie, their Plan Administrator; to go after financing; to be able to trade the trups etc
Looking at it now, it's still a question of shareholder equity.. for the shares to come into play. To achieve that CBI needs to win it's case for the tax refunds (the money in escrow ready to go to the fdic or CBI)---and then find another $100m or so.. There's been talk of 'hidden assets' etc, if there are any we don't know their value.. The bank account is around $25m--still not enough.
Thus when I say they have their feet in the creditor camp, they are a lot closer to getting a return on their trups. As shareholders it depends on what CBI works out with Tric/Mariner for us to get a return or not. So we wait for the POR, hoping if there's a mr big he has his say for us.
EDIT: In the past I've described the trups holders/creditors as 'gatekeepers' to a new entity utilizing the NOLs.. Thinking that way.. the creditors/trup holders agree to a POR where they go back in time to expecting what they invested for in the first place. With some kind of equitization/capitalization or a merger.. whatever new entity carries on the same business as before.. thus trups are tradeable as Tric would like.
In this case a win for CBI of the refunds would be a great capitalization.. leading to a 'new corus'.
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