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Re: Mr Bombastic post# 479666

Friday, 06/16/2017 10:09:16 PM

Friday, June 16, 2017 10:09:16 PM

Post# of 729623
Mr. Bombastic or others,

Thanks so much for your patience.

This is what I learned today:

1. APR has been lifted, so there will be no problem with
whether a senior class being "impaired" nor "not impaired".

2. As long as the beneficiary in each tranche is met with the bk court distribution decision, that tranche is done.

3. Escrow owners, preferred and common shares, will be receiving 75% and 25% pro rata of debtors residue estate, after tranche 2-5 done, and to be distributed by WMILT if there is any left. There is no cap for preferred owners. Just straight 75/25 split to the end.

4. LTI or not for beneficiary escrow owner is still a debate between 2 sided parties.

Please comment, correct or adjust any issue.
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