RE:RE:Letter opposing motion for default, re: Zhao
1:11- cv-2598 is the class action suit. The SEC case is 1:12-cv-01316. The 270m demand is what the plaintiffs have asked for in the class action. The inferences are, as you stated, that it appears he wants to settle but this is not the first try. The last was some 18 months ago. I would say that there is a disagreement but I can only assume it is with the lead plaintiffs and it has to do with the numbers. He could also be simply buying time for something else, and I don't know what it could be.....yet... As to conclusions, I learned some time ago that it's not a good idea to make them until more facts are available and with these legal suits, it is rare to have facts available to make a call. So....keeping that in mind, I would not think about the chances of a share buyback or going private transaction at this time. The chances of it happening at this late stage are very slim, but we cannot see into his mind, we do not have a good grasp of his financial condition except to say that it is probably badly damaged from earlier reports in China. A buyout would therefore require outside investment and I have no facts to report on any efforts of that kind. A global settlement can take many forms and any amount of money or particulars. All we can do is keep up with the courts and hope we can recover something..