Looks like Twitter has re-discovered the KERP program, but still don't understand it.
The KERP was not paid, as the judge ordered that it be subordinate to the DIP lender and secured creditors. That means they had to be paid in full before anybody got a bonus.
I swear I’ll never use the phrase “you can’t make this stuff up” ever again after being on the OTC. Apparently you can.
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