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Re: wall_street61 post# 5449

Saturday, 12/31/2011 5:06:42 PM

Saturday, December 31, 2011 5:06:42 PM

Post# of 8307



" it also applies to every other security that may try to inch up the priority ladder for the reasons set forth (ambiguously) in the language contained in the statute. "



While 510(b) may be applied to all types of securities that arise from the purchase or sale of a security of the debtor or its affiliates, it does not apply to all Securities' Claims.


Tranquility is an example.


















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