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philipmax

02/18/12 7:47 PM

#6725 RE: eagle_2975 #6724

Whenever I read a contract that has inexplicable terminology, I usually suspect fraudulent activity. The APOR7 is one such document.
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philipmax

02/18/12 9:46 PM

#6726 RE: eagle_2975 #6724

The legal bills are so egregious, inflated B/S. They consumed most of the remainder Estate and the judge routinely grants them. They equal about $1,000 per word. And, since his whole BK case is based on a wrong assumption that the LTWs were part of the WMI estate, it is just mind boggling to think this kind of s2*t goes on in this country day after day.
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linda1

02/19/12 3:14 PM

#6727 RE: eagle_2975 #6724




Sorry - I meant $ 888,000 (thousand) in additional legal fees to the $ 3.2 M - so in total $ 4.1 M in legal fees


It may very well be that in the future the Newco stock will be worth more but for now I am basing the recovery for the LTWs on the 8.77 % of the 25 % of the $ 190 M.


I agree with your estimation of - .05 + .037 = .087