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Gold/Mining/Energy : Imperial Metals (IPM.T) -- Ignore unavailable to you. Want to Upgrade?

To: refugee investor who wrote (1189)	11/14/2012 8:04:53 PM
From: Italian Investor	Read Replies (1) \| Respond to of 1366

To me the MBIA and BAC battle is a learning moment for me I have never followed a court case so closely. This is really getting ugly now and it is my guess we are closer than ever to a deal both parties are playing a game of chicken. It was a clever move for MBIA trying to change the terms of the debt agreements on the subsidiaries just in case this case gets drawn out past 2013 it would give them more options if they got into trouble. What they are trying to do is change the restricted subsidary to National Public Finance Guarantee instead off MBI Ins Corp. BAC countered by making an offer @ a sizable premium for there bonds to gain control and block MBI. It remains to be seen if they can get over 50%. I know Bruce holds a good chunk of the bonds and he will be on MBIA side. IMO even if BAC gets 51% it only gains significance if they are able to keep delaying the case or we get some unexpected claims. IMO BAC move will make a settlement come much quicker. I wish I knew what BAC was offering MBI. Bruce has ballz of steel holding MBI with all these ups and downs I could never do it with the percent of assets he has on the linein his smaller funds. I happen to be a lucky trader enjoying all this volatility and my belief is the same MBIA will use the force and preveal over the darkside. Yea I just watched star wars lol. I noticed Eihorn bought more MRVL today that should give the stock a morning bounce and he also reduced STX. MRVL is really close to it lows when the S&P hit 666, and they are in much better financial shape now. PWE is not to far off from the S&P lows too. Thanks for the tip on JEF.