Friday, March 17, 2017 10:06:32 AM
What the PR is saying is that you can guarantee that the escrow was/would be used for disputed shares. (Which it has, first distribution was 1.4 million shares from Disputed Equity Escrow.)
What it's also saying is that there is no guarantee of cash (not entitled). There never was. Cash was dependent on allowed claims being paid in full. Senior claims, were left impaired and otherwise was not expected to receive full payment on their claims.
Since the plan confirmation, many claims were disallowed/allowed/settled and many of the allowed claims are being paid in full.
Recent COOP News
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