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Wednesday, September 01, 2021 10:30:19 AM
Do you know what a debenture is? They did not issue "debentures" to the trust. They issue a debenture (singular), or what would be known as a unsecured bond. That bond is in default and now a class 10b claim. How do you distribute that?
The CTs themselves are no longer. The shares you own represent a class 10b claim.
One of the reasons why this bogus lawsuit is stupid. The fate of the Cts has already been adjudicated. BNYM only fiduciary duty was to get a CTs an approved claim against the estate. They did that a decade ago.
Joe Stocks
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