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Re: LouisDesyjr post# 1081

Saturday, 01/14/2017 12:01:01 PM

Saturday, January 14, 2017 12:01:01 PM

Post# of 1136
Louis,
With all due respect, I disagree. Once the TPLM USA plan is effective, they will get 2.5 Million in settlement for unsecured claims, some intercompany loans that were given to TPLM USA will be renewed if the new restructured TPLM USA board elects to do so. They also have 8.5 Million in senior notes in TUSA which will be turned into equity in the new restructured TPLM USA. Lastly, if the settlement is reached where they can right off their equity in TUSA as worthless stock and tax benefit plan is implemented for TPLM instead of TUSA, TPLM will have another $177 million for future earning offset in taxes. Lastly, the fact that NGP is waiting for cash instead of just selling their stock is pretty big.

Once their balance sheet is improved after getting paid the claim money, tax benefit, equity in new TUSA for their 8.5 mil senior notes, I believe, they will offer debt to equity swap along with re-negotiated senior loans with NGP and partner, and use the payment for future growth and investment.

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