Someone who was sleeping from 4Q/MOD camp when they were giving loans to KR and forgot to take security before they handed the cash.
Apparently this happens quite often when u have a bottomless pitt of capital but almost never in the real world.
Now someone realises that it would be a nice negotiating tool to have as 4Q/MOD enter the Colosseum to battle for KR. The 4cup 4 4Q is that 1 of the 4 KR directors resigned a few days ago and what remains is a KR board of directors that has majority of MOD deployees, all of who are non-executives and have this major dilemma of personal liability on the one hand and backdating documents, resolutions and power of attorneys to accede to their MOD master’s desire to register mortgage bonds. Let’s see what the paper chase throws up and which of the non-MOD directors turn state witnesses. This is when directors start having nightmares about do I sign or don’t I sign…..Also KR directors shot each other in the foot by admitting in writing to stakeholder that they have and had no clue what they were doing as directors. Are the KR directors now wishing that the shot from their fellow directors should have been to the head. It’s going to get rough, slip on ur gladiator gear now.
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