Dynegy Inc fka DYN

[56Chevy]

Dynegy Administrative Claim is a "settlement currency".

The DAC "is not a distribution to shareholders on acount of their equity, a distribution of based on enterprise value or a distribution under the plan".

It is paid by the DH estate to the DI estate in order to settle any holdup value that DI would have in prosecuting potential claims and causes of action againts DI in connection with pre-petition restructurings.

Equity is completely out of the money by a hundreds of millions...so this offer is more of an "un-merited gift" and should not be ignored.

The saying - Don't look a gift horse in the mouth ..comes to mind!

Is that fair to say?