Tuesday, July 09, 2019 8:26:11 AM
What the law states is that the dividends are restricted, unless they are applied toward the repayment of the obligations and their recapitalization. Period.
No one cares what the Government has done with the money. If it's been spent, it'd have to be replenished.
The Courts are unaware of this plan because they cannot interpret financial wording or they are pursuing Moelis' interests.
The funds are returned to the enterprises, not to the shareholders and holders of JPS. The shareholders have suffered the opportunity cost and moral damage, and we would get a monetary compensation for that, per U.S. Code.
The rights and claims of a shareholder travel with the stocks. In finance it doesn't exist prior 2009 owners of FnF and owners as of that date.
It's not a gift but a reimbursement of the funds that have been mistakenly appropriated by a gang of politicians and a restitution of the shareholders' rights and financial interest on their property.
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