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Re: jackfburns post# 355893

Sunday, 01/08/2012 1:01:16 PM

Sunday, January 08, 2012 1:01:16 PM

Post# of 733226
I think they agreed to support the plan as creditors, so that the judge has the one impaired class of creditors voting yes that she needs to confirm.

Not so certain that the SNH's agreed to vote their equity in support.

Also, recall that the SNH's at one point thought equity was completely out of the money and they may have dumped a lot of their shares right after the GSA was announced. Not so certain they have that many shares left; that is one reason why they were concerned about the IT charges.

Any legal analysis I post may not be relied upon by anyone for any
purpose. If you want legal advice you can rely on, hire a lawyer.
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