Absolutely correct !!!! wouldn't it be a kicker if it was "BILLIONS" not "MILLIONS"!!!!! I'm so happy the END GAME "IS" here !!!! waited to dam long...Congrats all you true long wamuers !!!!ps...I SEE a "FEW" offers...be very careful....just think "Bear Stearns" pennies to $2.00 bucks to $10.00 3 days later!!!!! oooooh
Yes green it is funny though. When I heard Rosen talking about the reorganized co being worth 160million I laughed out loud. I mean come on. We all know blackstones evaluations were based on the debtors bs and did not take into account the non debtor subs or even the fact they were giving a 5billion dollar nol a 25million dollar value. pluuuuleaasee ha ha.
Rosen did his part today by giving his buddies some cover and the media ate it all up lock stock and barrel.
Then these dumb people came on saying ohh 160 divied by 1.7billion. bla bla blah.
To me they deserve to sell out or flip out and be gone. Those of us that actually know whats going deserve to have a hand in the new found wealth and business going forward.
Check some of my earlier posts today I explained some other thoughts in more detail.
Another interesting though is if we see TPS back down and accept the terms then WOW. it will show how there is more than plenty to pay every single class and then some.
As far as my holdings go. I am going to keep adding while i still can but I am happy with holding a ton of commons and a bunch of prefs as well. I think I am going to make out like a bandit over time:)
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