I want to thank Barefoot123 from IHUB for digging out this part of the courtroom transcript. My wife and I were in Delaware to attend a WaMu hearing and witnessed this you female lawyer from Blackhorse who was truly excellent at what she was portraying and I will just copy and paste from IHUB what Barefoot and I (Large Green) were discussing.
barefoot123, this is excellent that you brought this up because my wife and I were in court that day to listen to her say this. To Catz and others who wonder why I still have a high valuation ($20.00 a share if it trades again) and the high valuation is NOT necessarily hidden assets but undervalued assets such as the NOL's and other.
I will repost because this is so important and beautiful that this lady from Blackhorse said this. I can attest this to you because I was there, that the court room went very eerily silent when she said this and of course Walrath pushed through this and got her off the stand in the true meaning of ASAP!
Even if parties at confirmation may have different
8 views and different experts, talk about those probabilities,
9 and whether that asset can or cannot be realized. The fact
10 that the disclosure statement is silent on this issue is
11 untenable when we're talking about a 3.5 billion dollar asset.
Ms. Lonstein from Blackhorse.
And what's interesting about this plan is that it
13 provides for senior creditors owed billions of dollars to
14 choose to take stock in an ostensibly 100 million dollar
15 company, okay, instead of cash. Why would creditors owed
16 billions of dollars take stocks in 100 million dollar company
17 instead of cash . There must be something valuable about that
18 stock.