Post by
onthecase on Feb 23, 2014 9:24pm
Re:Your all fools
Being new to this myself, all I can go by is the counsel of those experts who have gathered under our banner. I've been conversing with a number of these people, many of whom simply follow these sort of proceedings for love of the game. One, having served on three equity committees, was giving recommendations independently which matched completely with what we were doing internally. Having now been brought to the inside, his opinions of our operation remain favorable, his recommendations in line with our policy. Another, a bankruptcy lawyer, calls this the 'one in a hundred' case. And no one can argue the fact that approaching the court with over 17% of the outstanding stock in under two weeks is unheard of. So pessimism which cites no sources, for a movement which seems to have few or no parallels, in a circumstance entirely unique, does not much alter my thinking.
The opposition is a little more standardized. What we face is something called "The Credit Suisse Loan to Own." Yes, that's an actual term on Wall Street this past couple years, including the firm's name. As our movement is somewhat unique, measuring our chances is difficult on that basis. But the "CSL2O" is a bit more standardized a product, and measured on that basis, I like our chances better than most who have come before.
Comment by
Ingiboy on Feb 23, 2014 11:03pm
I think I may have thanked you at least 3-4 times over the past few weeks but your dogged and level headed approach to our cause is nothing short of exemplary. Keep us going !!