TAKI, we still should first exhaust all available remedies.
Complaints to the appropriate authorities are in order.
First, we should contact the SEC. The email that did send the stock price down might have been informative, but it is clear that the communication was not truly public and therefore not transparent.
Second we should contact Federal Court Authorities about the trustee and the way the case is being handled. If the suspitions of corruption are true then the FBI needs to investigate this case.
Regarding the first point. Lebed was dinged by Arthur Levitt chair of the SEC. If anything the trustee is wrong as that kid was wrong. Moreover the trustee was in a position to act and his comments actually had gravity.
Regarding the second point, Alcee Hastings was a Federal Judge in Florida who was impeached and convicted (with a completely circumstantial casse) for misconduct. The charges were mmore transparently investigated and Hastings had some level of vindication. But this judge might have had a clear line of misconduct that might not be circumstantial.
What we have are facts that are favorable for our interests.
We should act on those facts.
To whit: 1) An alledged minority debt holder throws the company into BK. This is ridiculous.
2) The issue as to whether or not there is outstanding debt with WD is up in the air and appears to be very doubtful.
3) The call for liquidation is both ill advised and premature. That is being extremely generous.
We are all looking at the Federal Courts possibly being a party to a swindle. The motion by Mario Queeneville on behalf of the rest of us and himself, should be dealt with first. The issue of liquidation taking place and WD getting another set of compensation is more than wrong; it is absolutely shameful. There is no good reason why we should be furthur subsidising WD on this point or any way shape or form.
The whole issue of BK when all available remedies were not exhausted and the dubious actions of the trustee have truly gone beyond the pale.
TAKI, thank you very much for your efforts. The fact that this issue might well come to an end is why I am being more active.
Take heart fellow longs, this issue is no longer just a BK case but also an SEC case. Fraud is not something taken likely with the SEC or the financial markets.
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