Replies to post #2413 on MF Global Holdings, Ltd. (fka MFGLQ)

[mrfence]

IMO, it means that the case against Corzine, and other execs is getting stronger so they may be shook by their ankles for cash before this is over. Then their is the remote possibility that the directors of the corp. could have to pony up too.

It will be 5 years before liquidation is complete, and commons are last to receive any excess from liquidation. In the mean time, the assets that are being liquidated are appreciating so the longer the liquidation, the better chance for commons.

Short simple answer is yes, and the chance just got better :-)

[jaxstraw]

It still means there is ZERO chance of common shareholders seeing any recovery ever. Anybody that thinks otherwise has not followed the case and is only dreaming. They are still billions in the hole that would be owed to all creditors. The POR was voted on and approved bythe Court. Commons were deemed to get 0.0% recovery and the stock was cancelled. It doesn't get any clearer than that.