$4 Billion Class 19 claim no longer backed up by a Trust because of the Exchange Event. Nine 9!
The $4 Billion was paid back to WMI, but not to the TPS holders of Class 19.
How was TPS claim considered satisfied to allow APR removal and Class 22 to participate in the Plan? That ruling cannot be based upon speculation on future share price, or other peoples stuff.
75/25% only pertains to the assets placed on top of the table that WMI presented to the Court which became the 363 Sale. $33-$8=$25. I have listed the assets of the 363 Sales many times.
I have answered the question. Please see the reply to message. What’s your answer?