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ZItat fsshon:
That is why she said "a plan may never be confirmed." She is sending a message to all involved, that the court has had enough of the shenanigans and if they want to go down that road, the outcome is not going to be favorable for most..
She touched on reasonable for the GSA, but left the Fair completely out of the writing. The court is leaning towards the GSA not being fair (she could not say this) but is still holding out hope for reasonable.
SNH's are toast, TPS is toast, EC is mostly in the drivers seat. Debtors have already conceded to JPM/FDIC, the only thing left is to burn the SNH claims.
Here is where we stand folks and I for one see what this court just did. However, we have one of the best firms in the country (just like my personal attorney) in their area of the law representing us, so I see us definitely coming out with WMMRC, Exit financing, Litigation Trust funds and future business cooperation for acquisitions and mergers and that is just the commons.
TPS will more cooperative this time around, so the preferreds do not have to adhere completely to Absolute priority rule in a BK payout, they can gain it over time. Creditors do not all have to be paid in full, they can get it in stock..
Susman Godfrey will do what SG can do for us before they sign on the line. As for what they want, they want their clients kept intact and some paid some BK funds.
~Don
(investorshub.advfn.com/boards/...7147100&txt2find=mergers)
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Zitat fsshon:
They have always wanted 200M shares to be issued, but they did not intend to issue all of them.. They wanted 100M plus 1 so they could lock the Nol's and then use the rest for revenue raise and M&A.. Just like we are going to do with the extra shares the board will authorize 1Q after emergence.
Mark my words, the 200M will not stay 200M for more than 2Q's... If you want to Acquire, you must have soemthing to entice the acquiree!
~Don~
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ZItat Olde English 800:
Fsshon, exactly! Thats what I was just saying on the yahoo board. 200M is nothing. Big group or big investors would eat it up in one swallow. Expect to see a forward split soon after emergence , but not immediately. This would allow more liquidity and attract more big and long term INVESTORS. So to the flippers who cant see past today, this is what you're missing. What we've been hearing with this conversion is just to exit bk, then a whole new ballgame and more reasonable rules. Lets say exit strategy Conversion ratio is 29:1, whereas 29,000 common share become 1,000 in newco. Now, after ACTUAL emergence, forward split of 1:5 happens. That would be 5,000 common shares at that point. IPO being considerd...let's speculate on $25 IPO. 5000 x $25 = a damn good plan.....
1:5 f/s+ 1B common share, a lot less than current 1.7
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Zitatende
MfG.L:)
Alles nur meine pers. Meinung, kein Kauf- oder Verkaufs-Empfehlung!