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justthefactsmam

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justthefactsmam

Re: StrategyTrader post# 17711

Sunday, 02/03/2019 9:30:23 PM

Sunday, February 03, 2019 9:30:23 PM

Post# of 37346
ggp didn't have the problem of more liabilities than assets. their problem was an inability to rollover or refinance their debt. the crash had just occurred. ackman primarily came in prior to bk, purchased a lot of the debt and equity and when ggp filed ackman was in the catbirds seat as a white knight.

nobody was left holding the bag in that case. i believe all creditors were made whole and all commons survived in a 1 for 1 exchange
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