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Re: hotmeat post# 472455

Thursday, 02/23/2017 12:09:44 AM

Thursday, February 23, 2017 12:09:44 AM

Post# of 725136
The 75/25 split in the event Safe Harbour assets would be worth more than 10 billion, woud be FAR, FAR AWAY from fair and reasonable.

Preferreds have no right to complain if they recover $1000+10 years of interest.

Preferred capped is the most fair and reasonable. Preferred receiving 5 to 10 times their par value is unjust enrichment based on the nature of their initial investment.

No way that Michael Willingham would allow this. That's why he and Susman/EC crafted the POR in a particular way, so that TPS as an impaired class would vote for the plan.

The question you have to ask yourself is this one: Who knew about the Safe Harbour Assets before confirmation?
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