LG...you make an interesting point and potential insight into a new agreement between the parties. Let's say...you're right...there are 2 billion illegal NS out there. I agree, several parties shorted the snot out of this thing...covered? who knows? The "criminal's ego" also realizes this as a potential deficit as does the EC's position in their respective camps. If Nate was able to draw the IT to the Hedgers...and survive in Court...other wonderful minds can draw the illegal NSS position to various sources.
This becomes quite a matter of negotiation between parties that also offers some flexibility in a settlement. If for instance we are looking at a legitimate 10:1 RS, would we be all the wiser or even care to "gift" if the split was 15:1 or 20:1 to cover that NSS for them in return for?? The hardliners would say...their freedom...negotiators say...maybe the Newco, NOL's, 4 bil return, more, and an entity that hits the ground running. Folks with much more knowledge of the equitable variables could do far better than I.
This thing (settlement) is breaking all the rules and as much as JMW is shoveling this manure to Lyons...Lyons is keeping the real putrid stuff off the books entirely. All the relevant parties are represented, even the parties that aren't there...on the record...in black and white. Despite the acknowledgement of the reservation of rights..noted by JMW in Court the other day...and those parties that are represented under the cloak of ....who knows, this is going away....*poof*
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