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stockmojo9

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stockmojo9

Re: daisyxu post# 22314

Thursday, 04/11/2013 1:02:26 PM

Thursday, April 11, 2013 1:02:26 PM

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daisyxu:

<<Only thing I can think of is a majority of senior debt collectively approved a lowball por recovery at the expense of upper echelon of waterfall because they also accumulated a large amount of preferreds and commons.>>

Why should the debt holders be paid 100% on any BK exit unless they were to take equity or a subordinated role in a new venture?
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