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Enterprising Investor

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Re: vpagano post# 244

Monday, 08/31/2015 11:09:52 AM

Monday, August 31, 2015 11:09:52 AM

Post# of 386
Bond trading activity has really slowed down.

I am confident large blocks have been in the hands of hedge funds for some time.

If the case against JPM et all produces more then enough cash to make the Senior Note holders whole (including post-petition interest), any waterfall would result in the Senior Subordinated Secured Note holders gaining control of the shell and the NOLs.

And that would be one truly amazing result!

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International

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