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Re: newflow post# 727729

Sunday, 05/12/2024 7:39:59 PM

Sunday, May 12, 2024 7:39:59 PM

Post# of 728656
Newflow, combining into one post for clarity and easy reading. This is a VERY IMPORTANT find and thank you.

This is very close to the infamous Smoking Gun we have been looking for all these years.


In other words, the book-entry records are the definitive source for determining the legal holders of the beneficial interests in the Liquidating Trust. The person or entity recorded in that system as holding a particular Liquidating Trust Interest will be treated as the owner of record for that interest under all relevant U.S. federal and state laws governing such matters

Page 7 "EVIDENCED BY BOOK ENTRY"

https://www.sec.gov/Archives/edgar/data/933136/000090951812000099/mm03-1212_8ke101.htm

SO NO NEED OF ISSUING LTIs.IMO THOSE ENTRY SOURCES WERE BALLOTS AND W-9 SUBMITTED BY FORMER SHAREHOLDERS WHO SIGNED RELEASES.


For U.S. federal and state legal purposes, whoever is listed as the owner of a Liquidating Trust Interest in the electronic book-entry recordkeeping system maintained by the Liquidating Trust will be considered the official legal holder of that interest.

In other words, the book-entry records are the definitive source for determining the legal holders of the beneficial interests in the Liquidating Trust. The person or entity recorded in that system as holding a particular Liquidating Trust Interest will be treated as the owner of record for that interest under all relevant U.S. federal and state laws governing such matters


—————————————-

So, the difference is one set of investors received LTIs and one set of investors are in the Book-Entry system.

Now the big difference is those investors who received LTIs were those investors who were receiving monies in the active BK cases and those investors who WILL RECEIVE Beneficial Interests in the assets protected and in SAFE HARBOR so

1) Investors who received LTIs equal active bk cases

2) Investors who will receive monies outside of BK cases equal Safe Harbor/BK Remote BK-protected assets


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