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Post# of 730681
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marayatano

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marayatano

Re: joman2z post# 358526

Saturday, 01/21/2012 8:01:30 PM

Saturday, January 21, 2012 8:01:30 PM

Post# of 730681


Not quite true is it? Last time we had up to one year to decide if we want to grant releases. It didn't matter as much to know what we're getting or who exactly we're releasing.

And that was when going after IT wasn't even a possibility. Look at it this way, what if the plan had been confirmed and then a settlement happened outside of BK court between the SNH and the EC?



There will be no EC after a plan is confirmed. EC would be dissolved. So a settlement between EC and SNH is not even a possibility after a confirmed plan.

BTW, only prefferds were offered the 1 year to grant releases, not commons.

imo
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