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Thursday, May 30, 2019 3:40:46 PM
You could also say CT coupons have been likely re-allocated to pay attorney fees listed as either Class #6A, 6B, 7 or 8.
We're hanging in there.
I think the subordinated debt re-allocation totals over $7.6B after 11 years.
Add all the other cumulative preferred coupons and it's deep sheep dip!
This is why I always hoped for a re-structuring with the business charter and not a liquidation.
Get the interested parties vested in a new capital structure going forward and get in business.
Get out of the Courts!
Additionally, I hoped the attorneys' bark would be worse than their bite as well as any POR "assumed to be rejected by equity holders."
What does everyone want now? Abscond with a new capital structure and pretend the sub debt was never there while impairing the shares since 2013?
They could have done a different deal.
They know and didn't.
Or they haven't revealed it yet.
What else is there to do?
What power do we have as shareholders in the Trust?
mojo
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