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Re: ron_66271 post# 571109

Friday, 04/19/2019 12:48:23 AM

Friday, April 19, 2019 12:48:23 AM

Post# of 727807
Once more you are twisting the facts.

In POR 6, the waterfall was strictly followed and therefore TPS has to be paid first, then preferred and what is left will go to common. And if TPS does not get 4B and preferred does not get face then commons get nothing, not even WMIH shares.

So in POR 7, a compromise was made. A 75/25 split til the end scheme was devised so that common can have something at the same time with TPS and common.

Something that zeron insists that it is not true when it is so obvious.
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