Who was that poster who right from the start kept saying two or three creditors forced the BK on poor JB/the company? He planted that seed on the board and regularly fed and watered it.
My guess is he and MP introduced the entire idea to JB and educated him on how it would work.
What it seems they didn't count on was an alert Trustee. Maybe they thought they could slip one by a sleepy Trustee way out in the wilds of AZ. After all, apparently not many courts seem to object to "loan to own" schemes, from what I've read.
However, from the tone of the Trustee's objection, partially posted elsewhere, I'd say she objected strongly.
Oops whoops.
Further, of course, is the curiosity question of who else (besides that poster) the SEC met with in LA. I don't think it's just a cowinkydink that said poster suddenly lost his voice right after that meeting, which meeting he was so excited to attend.
Oops whoops.