They have been allowed to take positions in Class 19 WHICH my friend is uncapped and to the end imho
Only question that needs to be asked here period IS WHY they were ever allowed to move from an unsecured position to an EQUITY POSITION!!!!!!!!!
Capped un capped what ever, HOW WERE they ever allowed to do this in a BK and it not be considered PREFERENTIAL TREATMENT in the BK case.
So are you then of the opinion that IF IF IF enough money comes back here that old preferd markers only get up to the OLD face value and nothing more, because the statement you just made would suggest that is what you think ????????? Along the lines of 75/25 and the balance goes to commons once preferds reach their face values????????????
IN Short if P and K's and TPS aren't capped nor then would the underwriters be capped, they TOO would get money to the end and for a previously denied unsecured claim, pretty simple aint it?
PLEASE show specific documentation where by it is stated that ALTHOUGH they have been given an equity position that that is limited to 72 mill in total.
IF preferds aren't capped then guess what they are now a preferds marker holders and they would not be capped, doesn't take any documentation to finger that out now does it?????? Pretty BOBVIOUS.
So now it is up to YOU SIR to show us all where they are limited to their 72 mill although they hold a part or position in the 75% group!
So inquiring minds are awaiting your DOC's
