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Civil War General

12/17/11 12:56 PM

#352144 RE: jackfburns #352142

Maybe-now-we-will-see-a-real-auction, not-the-quarterback-sneak- the FDIC and JPMC cooked up.
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wall_street61

12/17/11 2:49 PM

#352149 RE: jackfburns #352142

Please, that woman continues to spew mindless drivel.

That's $700MM to obtain $7B in cash and $17.7B in NOLs.



Won't happen, can't happen, if it did happen, the nols would all but go poof and commons to.

It is what it is. Either she's clueless or she's pumping to exit a position.
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investorhub123

12/17/11 3:00 PM

#352150 RE: jackfburns #352142

That is a great point......I have asked myself that question, why would you payoff the preferreds and not just keep as much cash as possible for leveraging the ongoing entity? Cash is king and always will be.
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jhdf51

12/17/11 5:19 PM

#352169 RE: jackfburns #352142

I'm still having a problem with the simple fact (and I look at things simply)...There is a heck of a lot more info out and we are at .07.