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Re: soundincrest post# 479202

Sunday, 06/11/2017 2:12:14 AM

Sunday, June 11, 2017 2:12:14 AM

Post# of 730209
Example, without saying 75/25 or APR is correct...

If $15B is returned to WMILT for distribution to Traunch 6

First we don't know how much will be returned to WMILT. Say it's $15B.

If Absolute Priority Rule (APR) is in place, common share holders will get zero dollars for their shares. Between the Face value, Preferred Interest, and Federal Judgement interest Rate, the preferred holders will require over $15B to be fully paid off.

If the 75/25 split is in place, Preferred holders will get $10B ($1,333 per P and $33.33 per K) and common holders will get $5B to divide between about 1.2B shares, or about $4.16 per share.
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