Friday, December 08, 2023 9:38:14 PM
It’s all about property rights. BK APR removal cannot override the Constitution regarding ownership of Property Rights. BK Code is a sub-set, subordinate to the Constitution.
The Retained Earnings held in Treasury Notes satisfies Class 19’s claim against the WMI Estate.
The Court exercised APR within the Bankruptcy Code to satisfy Class 19 claim with great benefit regarding the Assets protected in Retained Earnings.
Hint; Class 19 is receiving more than their claim.
~2.5X vs 1X.
All documented in the Court proceedings.
Class 19 is to receive 75% of the Retained Earnings as presented in the February MOR.
The payment for WMB and it’s assets is all Class 22’s property.
My numbers as a Series R holder is ~4.6X.
I have posted the sources of revenue.
Ron
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