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investorshub.advfn.com/boards/read_msg.aspx?message_id=47900858
instead of looking at just the wamu docs, i suggest some of you take a look at bankruptcy case studies.
the ec most likely will not intervene between now and the 26th. rosen will file the plan of reorganization on the 26th along with a motion under rule 9019. walrath wants them to file this plan of reogranizatoin. she wants it in writing and in the court docs.
from this point on the ec will file an objection on the plan to reorganize stating why it's necessary to not go through with this plan (obvious to us). this will be the foundation for us to intervene in the advesary proceeding jpm vs. wmi. when she grants our motion to intervene, we will do one of two things: 1) push through for discovery and/or trial or 2) sit at the table for settlement talks. the ec will also push for their own plan of reorganization as well and they will submit one based on their finding through their own valuation
.
simultaneously, the ec will continue to push to vote in new board of directors asserting it is their right as company owners to vote for new bod's.
fdic/jpm will make it hard for the ec every inch of hte way. debtors may or may not... bod's have stocks in wmi so it's almost a win for them either way. wmi bondholders shouldn't resist because they will get paid in full, but if they want to be greedy they may as well.
investorshub.advfn.com/boards/read_msg.aspx?message_id=47900858
instead of looking at just the wamu docs, i suggest some of you take a look at bankruptcy case studies.
the ec most likely will not intervene between now and the 26th. rosen will file the plan of reorganization on the 26th along with a motion under rule 9019. walrath wants them to file this plan of reogranizatoin. she wants it in writing and in the court docs.
from this point on the ec will file an objection on the plan to reorganize stating why it's necessary to not go through with this plan (obvious to us). this will be the foundation for us to intervene in the advesary proceeding jpm vs. wmi. when she grants our motion to intervene, we will do one of two things: 1) push through for discovery and/or trial or 2) sit at the table for settlement talks. the ec will also push for their own plan of reorganization as well and they will submit one based on their finding through their own valuation
.
simultaneously, the ec will continue to push to vote in new board of directors asserting it is their right as company owners to vote for new bod's.
fdic/jpm will make it hard for the ec every inch of hte way. debtors may or may not... bod's have stocks in wmi so it's almost a win for them either way. wmi bondholders shouldn't resist because they will get paid in full, but if they want to be greedy they may as well.
