AICI Capital Trust 9% Pfd (fka AICPQ)

[Enterprising Investor]

I like how you are thinking.

However, Myers has no choice but to pass on the net proceeds from $2 million paydown on the Surplus Note and the projected $5 million from the sale of AIC since this a Chapter 7 case.

Someone would have to file a motion to convert the case back to Chapter 11.

This could actually be done after the funds have been distributed to AICPQ holders. Our class is still owned tens of millions of dollars.

There is only one issue - AICIQ as a shell has little value since it is no longer trades. If it did, I would gladly take some of my proceeds and start the process to bid for it. I am sure some of you remember Performing Brands, Inc (PFOB).