Read report and have decided that the only ones getting screwed here are us.

Management runs the company into bankruptcy (thanks Hugo), makes a deal to give away a large portion of our award to stay alive and then defaults on the terms forcing us to give up even more of the award.

Noteholders try to rob us of the award and cause much of the costs that lead to our default of the original DIP. Same people who now agree to the stay, for management to remain and more money for Oppenheimer.

It feels like a bizzaro world now.

All in all however we are still alive. Let see what GRZ gets as an award. That should tell us where we are headed.

Given everything that has happened JC may be right and we get nothing but I chose to hope we will not lose everything. At this point anything is better than nothing.

JJ