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Re: Jester_Vandalay post# 168

Tuesday, 12/10/2013 11:04:44 AM

Tuesday, December 10, 2013 11:04:44 AM

Post# of 629
A pre-pack should be good for preferred holders, but not so great for any of them who are depending on fixed income.

As an example, my TEU-C has call protection until 2016, but sells at a discount to the liquidation.

The pre-pack should pay me early, in full, but eliminates the call protection.

Of course, I am expecting TEU to come out of it on an industry resurgence. I don't want to depend on the BK Lawyers to oversee my interests.



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