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Donotunderstand

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Donotunderstand

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Re: Donotunderstand post# 728111

Tuesday, 08/02/2022 9:57:21 AM

Tuesday, August 02, 2022 9:57:21 AM

Post# of 800050
now I remember

bond holders got stock - worth about 30 cents on 1000 PAR

unions were offered stock and cash

unions decided to take all cash

the left over equity not taken by unions (due to risk - they wanted cash to fund pensions) ------ went to other holders of equity in the pie chart and debt went up to 40% or so on the PAR face
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