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Lunatic

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Lunatic

Re: fink post# 5461

Monday, 01/02/2012 10:10:54 AM

Monday, January 02, 2012 10:10:54 AM

Post# of 36851
Just take a look at Washington Mutual and what is happening there. Commons are projected to get 30% of the newco and preferred to get 70% if the new POR is approved. During version 6 commons were to get nothing and preferred were to get 0-10% of face. Anything can happen even ignoring the absolute priority rule. so don't expect anything especially in a bk play.

I will always miss the love of my life. My dearest Chelsea. My she rest in peace. 13-07-2007 - 24-09-2010.

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