Now.. This again proves the GMRRQ was a solvent debtor. Thus.. All Senior and Junior Notes are subject to the federal judgement rate. Not contract interest rates.. FRJ is less than 1% at this current moment.. Oaktree Capital is in the house for $375M http://biz.yahoo.com/e/120112/gmrrq.ob8-k.html http://biz.yahoo.com/e/111221/gmrrq.ob8-k.html Now since the Debtor is to be determined as a solvent debtor. Again Equity must remain intact to get the NOL's. Per the MOR.. 25m$ todate. IMO: The derivative debt can be considered a loss. GLTA.. GO GMRRQ.. DrR..