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MasterBlastr

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Re: kirby96 post# 24166

Monday, 07/05/2010 4:27:07 PM

Monday, July 05, 2010 4:27:07 PM

Post# of 42851
The EC votes on behalf of all equity - that includes preferreds. If there is anything for the preferreds then there are no other impaired classes by definition (all creditors and bondholders are satisfied) - the 'cramdown' in other words. If the POR comes to a vote then Susman will have done all he could do.
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