investorshub.advfn.com/boards/read_msg.aspx?message_id=52089333Posted by: fsshon Date: Thursday, July 08, 2010 2:27:44 PM
In reply to: wamuvoodoo who wrote msg#
218864 Post # of 218956
Actually Voodoo.. I have an inclination of leaning directly toward the Seal Motion and what the EC is wanting sealed. Also the resolution could pertain to the EC becoming the Examiner, instead of the court actually appointing one. Keep in mind, the EC has not withdrawn the appeal for an Examiner YET! It is important that we focus on the pressing matter than could have put a "monkey wrench" into what the Debtors have planned and that is to get their DS approved. They have prematurely declared victory with the negotiated between the "settling parties" agreement or Global Settlement, of course it is tilted towards JPM/FDIC/Bondholders (note holders), but in essence they have the right to do this, if their premise for entering BK was to get their money back and settle claims. Now if they entered BK to shed equity and give the company to the bondholders with an "intent to defraud creditors, shareholders" then they are and will be liable for BK fraud by the UST and DOJ.
UST is a key here, keep an eye on her work in our favor. Supporting Equity in the 2 Motions for an examiner, Supporting the formation of Equity while opposing Black Horse requests for 2 extra EC members. Objecting to the DS (on the grounds of potential fraud) is getting to the bottom of this thing. We have to focus on the "big picture" and not be side-tracked by the little things.
to conduct such an investigation of [the Debtors] as is appropriate, including an investigation of any allegations of fraud, dishonesty,incompetence, misconduct, mismanagement, or irregularity in the management of the affairs of [the Debtors] of or by current or former
management of [the Debtors].
Watch what the USCC (Unsecured Creditors Comm)/WMI Noteholders Group does in the next week, it will be a telling sign. Keep an eye on the court for docs and read the ones that look to pertain to this motion. Susman may have found a HOT SMOKING GUN IN THEIR Clients Hands!!!
www.kccllc.net/documents/0812229/0812229100707000000000008.pdfIt was probably this one that did it... No time to repsond YOUR HONOR !!!
Look for the Objections to this Motion to be FLYING into the courtroom
www.kccllc.net/documents/0812229/0812229100707000000000010.pdfMfG.L:)
"Ein jeder gibt den Wert sich selbst"
"Der Menschen Engel ist die Zeit".(Wallensteins Tod)