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Orion1972

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Orion1972

Re: 56Chevy post# 30747

Wednesday, 02/27/2019 1:51:56 PM

Wednesday, February 27, 2019 1:51:56 PM

Post# of 37346
Ok let me make sure I understand this.
Lampert takes all the assets for 5.6 billion minus some realestate, NOL's(worthless) and the commonstock and debt.
so in reality the deal was only for 4.4 billion due to lampert forgiving the debt as part of the deal.
ESL is still owed a big pile of cash along with other secured creditors.
Big fish fighting over a small school of feeder fish.
then there is the unsecured creditors i am sure bilions more in bills..
I guess its hopeless.. there is no way the common can be saved at all right?
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