TMST, Inc., 8% Senior Notes (TMA.GB)

[56Chevy]

Paid. The lions' share of the post-petition liabilities are professional fees (known as the' burn rate') and are paid monthly. TMST had approx $110 Million in cash assets at filing. You'll notice that that cash amount has decreased each month as the post-petition professional fee invoices come in. There may be some smaller amounts that have no been paid yet.

What do I think of the drop to 10 on the ask?

This could go on for another year+...doubtful but very possible.

I also think WAMU has taken alot of prisoners the last couple of years. The Thornburg BK is a forgotten/ignored situation by the retail crowd in many respects.