Thursday, April 26, 2007

Hey Noteholders, Bring It On!

"Lets bring on the battle we all know is going to happen." Evan Flaschen, attorney for the Ad Hoc Noteholders committee.

Now that Judge Schmidt has agreed with Maxxam that Pacific Lumbers nerve center is in Texas, we shall see if the Noteholders will follow through on thier threat to sue Scopac managers, board of directors and Maxxam corporation for fraud. This would be on the grounds that PL misrepresented their principal place of buisness as being in Scotia, Ca., Pacific Lumbers historic company owned town.

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