“You just gotta roll with the punches …”
“sometimes, you just gotta roll with ‘em, little black boy.” Randy Newman was right. There is no justice … only arrogance, power and greed. I’ve long been mystified as to why this and the Y-Board is littered (no, it’s CHOAKED) with thousands of posts from people who can’t reconcile their naïve hopes of a payday with the darkness of true reality. Bankruptcy courts were never designed to be fair, as much as they were meant to provide a forum for creditors to divide the spoils without killing one another in the process. It’s a forum devoid of “the criminals” (a highly favored phrase on each board); and full of people who are simply smarter and more ruthless then other people. It's not so much a "bad" thing as much as it is a Darwinian thing (i.e., those who are stronger will prevail over those who are weaker). Once you incorporate that logic into your mindset, you too (and your trading account) can begin to “roll with the punches”. To prattle on about all the injustices visited upon equity in the past 3 ½ years is to take your eye off the vicious blow that’s headed your way right now.
Thankfully, we could have not hoped to receive more competent legal counsel then Mr. Susman, whom instinct leads me to believe has amassed a great and dark RESERVOIR of ruthlessness, waiting for it to be tapped. Moreover, we have, at the EC’s helm in Mike W, a man who has steered a ship or two through waters as choppy as the ones we now face.
So then … the coming weeks will pit extreme arrogance and unchecked greed against unbridled ruthlessness and measured experience. The odds would suggest that we have a more than decent chance of prevailing in that struggle. And hey, where else on earth can 12 cents turn into 8 or 9 dollars in a year or so?
But first, we’ve all got to learn how to “roll with the punches”!
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