RE:RE:RE:RE:Where is the march coupon? I cant comment on the lack of experience of the Ad Hoc committee, but I can comment on the lack of experience of Contrarion.
He has proven time and time again to be incorrect in his analysis on this stock.
He was certain that the bond holders would vote yes. And of course they voted no. Anyone with any knowledge of the situation knew the deal wouldn't pass. Even if you had no knowledge of the situation, but only off bond history, you would know that such a deal would never pass.
What you are seeing is the desperate ramblings of a man who has built up a large equity position in a stock that is about to go to 0.
After years of pumping this stock on this board, the music is finally stopping for him. Time's Up!