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Re: AZCowboy post# 618651

Tuesday, 03/24/2020 8:56:59 PM

Tuesday, March 24, 2020 8:56:59 PM

Post# of 749756
AZ, is it possible that with this latest disclaimer by the LT, perhaps we will need to file some sort of administrative action to go after the remote bankruptcy assets. Perhaps owning the escrow markers is not enough. I recall Brian Rosen mentioning something along the line of "escrow markers by itself are not entitled..."

Perhaps, what he is alluding to is you need to file some sort of claim against the bankruptcy remote assets with evidence of escrow markers ownership now that the bk is over. Perhaps, those assets do not come back to our accounts automatically.

I am 99.999% certain that there has to be something..not zero. Otherwise, why would the underwriters even bother sending attorneys over the last year defending against Alice Griffin? LT basically has been showing zero return for equity over the last few years. So if there is nothing in remote bankruptcy, why wouldn't the underwriters simply declare a loss and simply give up their 1% class 19 stake. Why spend time and effort defending a class 19 stake that is worthless??

With the latest update by the LT, I'm just starting to wonder if we should be pursuing some sort of administrative claim in the "Lost and Found" for those remote bankruptcy assets?

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