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Saturday, 05/14/2022 3:37:36 PM

Saturday, May 14, 2022 3:37:36 PM

Post# of 110995
LBI Doc 15357

Second, the Liquidating Trust Interests will be offered in exchange for the unpaid balance of the claimants’ allowed general unsecured claims; no cash will be involved.





https://www.thebalancecareers.com/what-is-a-debt-to-equity-swap-1290541

The lender converts a loan amount or a loan amount represented by outstanding bonds into equity shares when it's converting debt to equity. No actual cash is exchanged in the debt-to-equity swap.



Oh my is it actually happening?!

LOL