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Re: romang post# 449

Friday, 05/17/2013 8:26:10 AM

Friday, May 17, 2013 8:26:10 AM

Post# of 588
DIP Lenders provided cash to pay other claims.

Expect the cash to pay mostly post-petition claims, pre-petition priority and administrative claims.

I would not expect any meaningful recovery for 2nd Lien Bondholders or anyone else.

Stock issuance would require some form of capital raise.

Expect a POL. Why? There has to a mechanism to fund Gomez liabilities.

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International

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