While waiting for good news..I've been looking at the Dockets some more..I'm wondering if the Unsecured Debt Holders can accept the Class A LTU's in lieu of there Unsecured Debt Notes..
..I'm assuming that US Bank, Deutshe Bank, and American Express would have to settle for pennies on the dollar to clear there books..If the Unsecured Debt Holders were to wait for the Litigation Trust Recoveries to take place , they most likely would never receive there full payments and there books would be in violation of banking regulations..
..So now I'm looking at Deutshe Bank Unsecured 4% Notes(94.6 million) paid per Docket #707..For US Bank Unsecured 4.25% Notes(172.5 million) and American Express Unsecured (20 million)Notes per Docket #711 (Application for Final Decree Proposed Order September 21,2020) to be finalized after September 21,2020..Hopefully these Banks can settle out of the 40 million Mercuria contributed to the Litigation Trust, along with the invalid claims of 4 million , 44 million total..
...If all of this were to take place, we may see better news for us Class B LTU's going forward..
...The Second Quarter Litigation Trust did mention that updates for payouts to Class A and B LTU's would be announced, when appropriate..So it appears we our getting closer to news and updates on our Class B LTU's..I'm hoping for some news after the 3rd quarter ending in September 2020 ....GLTA
