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Enterprising Investor

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Re: Enterprising Investor post# 340

Sunday, 08/19/2012 1:37:02 PM

Sunday, August 19, 2012 1:37:02 PM

Post# of 424
Dynegy Administrative Claim is a "settlement currency".

The DAC "is not a distribution to shareholders on acount of their equity, a distribution of based on enterprise value or a distribution under the plan".

It is paid by the DH estate to the DI estate in order to settle any holdup value that DI would have in prosecuting potential claims and causes of action againts DI in connection with pre-petition restructurings.

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

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