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hang ten

Re: Juschilln post# 8599

Wednesday, 02/02/2011 4:17:51 PM

Wednesday, February 02, 2011 4:17:51 PM

Post# of 15495
Kilpatrick is done they have their POL.. and as it is - equity is toast. KS is the legal rep for the Creditors.. That's why I say I wouldn't be impressed with their Plan. The reason why is that a POR involving some debt for equity would be such an opportunity for a plan sponsor and the creditors, imo.

You're right, the POL should look bleak to/for the creditors to vote for a new POR. Unfortunately the POR that we expected hasn't come.. thus valuable time is passing.

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