Respectfully, it really appears that you have simply formed an opinion based upon a scant amount of research. I'm not suggesting that I disagree with all of your opinions, but certainly, you miss one of the greatest mysteries that stares us all in the face- the MULTIPLE COI's.
1. We have a list of creditors. Do the DD.
2. Did you really have to mention that this and any stock is a gamble? I thought that goes without saying...
3. Have you looked at the capitalization timeline? I've read the court transcript and BS absolutely hammered the defendant in this regard.
4. Chpt. 7 objections- this is where you force me to do some more DD. Kudos. HOWEVER, this is under the auspices of the FDIC. Pretty sure objections are pointless considering THE LITIGATION is where any claimant knows it will receive any numeration. Period. So, again, objections are pointless.
5. Assets v. liabilities. Have you looked at 5 out of 10 banks (or publicly traded companies) lately? Everything is leveraged. Hell, my "home" is leveraged. You do know that United was on the verge of $200MM in capital, right? Part of your DD, right?
6. U.S. Trustee, lol! Yeah, the one appointed by the FDIC, right?
AZ, nice try, but I'm cool (and always have been) if you or any other individual leaves. Seriously. I've made my bet. I sleep every single night. I've watched this move from .06 to .39 down to .022 and back up to .18- the stock's float is basically non-existent. There is no liquidity- I know it, you know it, we all know it.
Lastly...
(your welcome & no charge)
The possessive "your" is incorrect. "You're" is the contraction that you should use in future snide remarks to humans that are invested in United and post on this board.
Cowboy: one other point about them being undercapitalized. They were by 20 bps and that was a direct result of the investment impairment the OTS forced them to record. That's also discussed in the the Motion for SJ so I guess you need to go back and re-read some things.
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