RE:re-last chance
I don't have skin in the game - only know of the company because they filed bk, which outside of the commodity space is the only other area of the market I follow in earnest. Over the last 10 years I've followed probably 100 cases, probably more. Equity needs representation at the table, especially if Credit Suisse is in there as a creditor. The big creditors are in there to steal value if when and where they can. An official equity committee does add a cost burden to the estate, but it keeps the other parties in interest in check. Really impressed with what I've seen as far as organizational activism here - very rare. Kudos to the guys who have organized the ad hoc group.....and good luck.