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Enterprising Investor

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Enterprising Investor

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Re: Enterprising Investor post# 46

Thursday, 05/07/2015 1:40:59 PM

Thursday, May 07, 2015 1:40:59 PM

Post# of 103
Wilmington also believes that the claim of an apparent holder of trust preferred securities is duplicative.

Baylake Bank filed Claim #1 in the amount of $1.9 million.

If this claim is a duplicate, unsecured claims would be reduced to $59.85 million, which would increase the recover slightly to 17.72 percent based on my calculations. It was previously 17.18 percent.

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

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