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Re: A deleted message

Sunday, 12/22/2019 6:06:09 PM

Sunday, December 22, 2019 6:06:09 PM

Post# of 726811
You fail to realize that POR 7 's definition of Preferred Equity Interest together with Delaware Statute precluded the underwriters' claim from being included in Class 19 whether or not that was the intent before the POR 7 was adopted and approved. The LT had no power to amend POR 7 to settle the underwriters claim. So the LT were left with two lawful choices to settle the underwriters claim in Class 18 or as common equity.
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