<<Well then James, if it's so easily understand, then it stands to reason the court and the US trustee should be able to see these conflicts and at least put a stay.>>
I am not an attorney and these issues are easy for me to understand. I would say that the Judge and Trustee would find the facts even easier to understand. But that doesn't mean that they are empowered to necessarily act to correct the serious harm here.
<<Due to these circumstances, maybe form a shareholders committee and allow shareholder to obtain legal counsel??>>
It is probably too late for that. Attorneys representing shareholders have already petitioned the Court and the request for an Equity Committee was denied in mid-May 2008. Of course, the attorneys did not present any of the facts that you now know about through my Affidavit. I don't know if there are any remedies to correct this.
<<Can the court just rubber stamp this scam bankruptcy even though the other creditors vote for it??.....meaning they don't care and so the court doesn't really care either??>>
I don't know. Obviously, I have been working under the assumption that the Court does care. However, members of the SI board must take some responsibility for the current state of affairs. I had asked for help in doing the enormous amount of research involved, but no help was given, with the exception of one individual. Consequently, I've had to do nearly all the research myself in my spare time, which has necessarily delayed completing the work. |
