Wamu WKN 893906 News !

Black Horse Capital now speaking. "Creditors committee only has duty to the creditors." Arguing the EC is needed but should be the preferred

alles bischen durcheinander aber ich poste so wie es kommt von verschiedenen Quellen

No surprise, Black Horse says common is worthless.
vor 2 minutes from web Black Horse Capital now speaking. "Creditors committee only has duty to the creditors." Arguing the EC is needed but should be the preferred
vor 3 minutes from web

No surprise, Black Horse says common is worthless

Our lawyer is GOOOOD!

wonder why they would argue with Weil about the H's being at 7x% value instead of weil's statement of 50%
you'd think the creditor would cry for the higher face value, and the debtor to cry the lower face value...


because it makes the argument of pref and equity committee better!

...ich halt et nimmer aus, die spannung! geh erst mal eine rauchen!

ich hab nervennahrung bei mir. nur irgendwann kann ich keine schokolade mehr sehen...  :-))

They handed up the personal letter a while ago, but I didn't hear any discussion about it. I assumed since Rosen handed it up and it was against him, there would have been an argument against it. Not sure why he would hand it up without another word.

equity committee is going to get passed - maybe with a cap if i had to guess.

black horse wants a pref committee

wir schlagen uns bisher ganz gut. zumindest was die wortfetzen  so hergeben

File #5 is up. www.viewip.net/WMI/Hearing/2010-01-28

Danke Frank....

US Trustee is up ~ we have the right to seek the court to appoint an equity committee
vor 2 minutes from web

Das Black-Horse-Statement habe ich anders verstanden:

So wie das Creditors' Committee nur denen Gläubigern verpflichtet ist, so ist das Equity-Committee nur denen Equity-Holders verpflichtet - und sollte [dem Creditors' Committee!] vorgezogen werden (should be preferred)...

LG: Teras.

There's no proof of solvency, but they don't argue that the estate is hopelessly insolvent and in fact the debtors said in their disscusions before you, "I DON'T KNOW, I don't know what the claims are going to be, what the recoveries will be, and I don't know what the validity of the claims that are pending are going to be."

Nicely said

"the equity OWNS this company"


Greg Cross,  "the reason equity needs representation here is precisely why everybody in room is fighting so hard to keep us out"

nichts ist wirklich Tod bevor es beerdigt ist...........also?

man kann aber auch lebendig begraben werden ^^

Blackhorse has no leg to stand on.  EC lawyer said he represents over 10% of prefereds

Conference call is back. Bridge number: 712-432-1001 access code 477420980
vor less than 20 seconds from web

wir sind ja zombies....schon vergessen hahaha

Hi Frank, thx a lot, bin reingekommen

Us again:

"...[chuckle] This debtor has more than 800 million dollars of liquid assets. By any measure we are talking about billions of dollars at stake. The debtor has 19 sets of professionals and adding one more is the straw that breaks the camels back? We can't afford a few million dollars so that equity actually has a voice? The equity OWNS this company!"

Wissen wir schon was genaueres??
Was wurde entschieden???

argumentiert unglaublich gut und sehr zynisch!
Könnte mich beölen hier.
Und wenn Mary vorhin wirklich gesagt hat, dass eh schon ein EC besteht und man gar nicht mehr über die Frage diskutieren muss, ob eins gebildet wird, dann ist doch eigentlich schon (fast) alles gesagt.
Und ihre Frage nach einem Beispiel bei dem ein EC nicht zugelassen wurde, war doch auch sehr prägnant.

Ich hoffe, sie hält an ihrem bisherigen Kurs fest!