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marayatano

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marayatano

Re: linda1 post# 2063

Friday, 10/21/2011 9:09:56 PM

Friday, October 21, 2011 9:09:56 PM

Post# of 3649
Wrong... AGAIN...Grasshoppa...

What has that to do with the letter I mentioned?


The Equity Interests cannot get paid until the PIERS are paid both the PRINCIPLE and CONTRACT RATE.


If the PIERS have to pay the difference in the CONTRACT RATE and FJR for SENIORS then likewise so will the EQUTY INTERESTS have to pay the difference to the PIERS between their CONTRACT RATE and FJR - which is about a $ 160 M difference.



You act like you own HUQ.

Step back from the trees and you will notice there is a forest... and may be you will understand...

imo
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