A Rosen no le va a dar tiempo...
A Rosen no le va a dar tiempò que se apruebe el DS- no a tiempo para el 2 Mayo (Confirmation hearing)
IMO, Rosen has too many issues to get DS out quickly AND changes must be approved by objectors. Reference below to Judge's Decision and my summary:
In December, Rosen estimated to the court Equity was just $340M out of the money. In brief, the court ordered Rosen to include:
1) FJR applied for CH 11 and Ch 7 analysis - $789M
2) Analysis to include full-value of NOLS - $27B, probably around $10B value
3) Value of the assets of its non-debtor subsidiaries (not just book value) - maybe as much as $50B
4) Value of WMMRC. - $620M
5) Value of real estate owned by WMI or any of the non-debtor subs. - $???M
6) Value of tax consequence of the capital contribution with respect to the WMB tax refund issue. - $???M
5 THE COURT: -- circulate it among all the objectors
7 MR. ROSEN: Of course, we will.
8 THE COURT: -- give me a certification saying that they all agree that it addressed my rulings today.
Todos sabemos que Rosen sabe como ocultar/regalar/perder assets pero muchos ojos estan sobre el vigilantes y lo más importante los de la Corte.
Con todos estos cambios será aparente que Activos > Pasivos de forma que la equidad deberia tomar las riendas de esta BK.
Transcripción de la decisión Jues Walrath (21 marzo) 2011
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_W/threadview?m=te&bn=86316&tid=708835&mid=708835&tof=19&frt=2#708835