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Royal Dude

02/26/12 11:48 AM

#364700 RE: WithCatz #364698

There are no "hidden assets" that does not mean that they listed them all. They have been by agreement forced to stay silent as to assets IMO
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Large Green

02/26/12 1:41 PM

#364712 RE: WithCatz #364698

Catz, more than likely there is the undervaluation of assets such as the NOL's. We all know there was far more NOL's than the Criminals were letting us know. More than likely, if there is going to be a real business going forward, the value will come in time (6-14 month time frame) as apposed to overnight. If there is a huge undervaluation of sorts, then the Criminals have to wait at least six months and a day to make it even more difficult to bring some justice. Once you get past six months and a day, there is direction that will be coming from SCOTUS soon. Valuation can also come from C.O.D. which is in the filings and this could be huge.

http://en.wikipedia.org/wiki/Cancellation_of_Debt_(COD)_Income

In most cases it would not matter much as money would have been dispersed and equity cancelled, but in this case some of Equity will survive and when fraud is proven, challenged, the case can take another huge turn against the Criminals. I am not sure what our side has planned if anything, but I know that crimes cannot be just extinguished with Walrath's signature IF CHALLENGED post confirmation.

http://www.susmangodfrey.com/content/inline-images/attorneys/Documents/EHAR_-_Discovering_Fraud_Post_Confirmation.pdf
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Upperlippy

02/26/12 4:42 PM

#364728 RE: WithCatz #364698

Under seal is not hidden is it?
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WAMUSHAMU

02/26/12 5:13 PM

#364731 RE: WithCatz #364698

They aren't hidden if Edgar knows where to find them,
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BigBang

02/26/12 5:32 PM

#364734 RE: WithCatz #364698

It could happen. Maybe Sargent was lying too, everyone else has been; status quo for this case.
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Bizreader

02/26/12 5:33 PM

#364735 RE: WithCatz #364698

The assets are not "hidden", they are simply not shared in the BK documents. This is a possibility, imo. It may be a semantics thing.
I don't know but it is a common practice, I hear, that corporations simply don't tell the court everything. It is their right, and a strategy they use to protect themselves from being entirely gutted by exaggerated claims.
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es1

02/27/12 3:23 AM

#364777 RE: WithCatz #364698

Catz forgive me if you have answered this but what is your take o why the UQsare still up higher in value then the math I have seen? From what I can tell we should be about a .02 stock yet we are at .04.

Been away from the board so if you answered this let me know and I will look for it