Well, there are also problems with Rosen's new proposal. Class 12 is supposed to participate in the equity offering - how would that work if our adversary proceeding is unresolved? They're reserving the right to adjust it if it would require registration with the SEC, but they don't even know the scope of who would participate at this point, because the LTW holders could be involved. Makes no sense - I can't wait to listen in as Steinberg rips into this thing.
That's the issue with the LTW class - I won't even start on what equity and TPS is going to do to this thing.