InvestorsHub Logo
Followers 46
Posts 14630
Boards Moderated 0
Alias Born 08/29/2007

Re: worker post# 599642

Friday, 12/06/2019 1:59:23 PM

Friday, December 06, 2019 1:59:23 PM

Post# of 734137


"We also have in there the part (b) of what is to be retained, and that is because in negotiations that we had with all of the settling parties, with the equity committee last week, with the FDIC, we did talk a great deal about the concept of the retained assets! Now, it's my position, Your Honor, that the examiner doesn't need to know much with the retained assets other than say the assets are retained and therefore the liquidating trust can go ahead and pursue them. They will still be there; they can be carried through. But I understand that the equity committee is very interested in having a neutral third party do an investigation of those retained assets."



Since the LTI is closing out the BK, the question is?

Retain assets, LT can pursue them...Did they pursue them and did nothing.....Because there is no money from the LT.....Is the LT saying the Retain assets had no value......There was a reason we wanted a third party to investigate to find out the value......
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent COOP News