InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,713.64
(
1.70%
)
US TECH 100
19,289.20
(
-0.23%
)
Dow Jones
42,025.19
(
0.00%
)
Brent Oil
73.83
(
-0.67%
)
Bitcoin
63,382.31
(
0.69%
)
Post# of 424
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

56Chevy

Send PM Follow Ignore
Followers 129
Posts 5090
Boards Moderated 1
Alias Born 04/10/2008

56Chevy

Member Level

Re: Enterprising Investor post# 361

Tuesday, 08/21/2012 6:15:53 AM

Tuesday, August 21, 2012 6:15:53 AM

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.

Equity is completely out of the money by a hundreds of millions...so this offer is more of an "un-merited gift" and should not be ignored.

The saying - Don't look a gift horse in the mouth ..comes to mind!

Is that fair to say?





















Learn something new every time you invest...and take it with you to the next opportunity.

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up