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temp luvs amy

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temp luvs amy

Re: walzy post# 68

Monday, 11/29/2010 3:58:20 PM

Monday, November 29, 2010 3:58:20 PM

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What do you see?

"TALLC Notes have a combined face value of $5 million, it is expected that they will only be redeemed or sold at a small fraction of their aggregate face value."

That is a strange comment, since 2.25 million of the notes were "senior secured" notes.

If TARCO goes bankrupt, then the JL is in the best position to take control of the company. Senior debt holders are the ones who hold the cards in the BK court.

The Junior Notes might bring less return, but only if TALLC and TARCO are defaulting? The 8k says "runoff"
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