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oich

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oich

Re: investsen post# 1874

Thursday, 08/08/2019 9:30:09 PM

Thursday, August 08, 2019 9:30:09 PM

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Doc 669 - This one looks to be a little more serious. The US treasury is indicating the plan should not be confirmed because it violates the absolute priority rule. Apparently they are the beneficiaries of the series D preferred equity. Basically they are saying equity should not receive anything until it’s paid out and debtor doesn’t have the funds to pay them out.
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