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Re: None

Wednesday, 10/06/2010 6:19:27 PM

Wednesday, October 06, 2010 6:19:27 PM

Post# of 8307
New draft POR released.

http://www.kccllc.net/documents/0812229/0812229101006000000000004.pdf

Interestingly, we're still class 21 (after preferred, before common). HOWEVER, Section 25.1 provides that if our claims are deemed "Allowed Claims" (e.g., if we hold debt rather than equity), we get treated like general unsecured creditors in Class 12.

In that case, we'd get cash, a liquidating trust interest, and post-petition interest (yahoo, more dough!).

Anyway, I hope someone can pile through this monster and figure out what's new and different.

Obviously, this goes out the door if the examiner finds that the common are owed money...

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