LG, .... Well? after thinking about this ...
There may be something there after all, due to the unusual class structure that you guys have over here on this stock ..... The class structure was my driving force which got me thinking about the final and what it would entail ...
As you know, I've been studying the 510(b) transition over on the other security and what happened over there, all makes total sense to me now .... So, the basics would also apply here as well ... BK procedure and all ....
Anyhew, you guys have a good group over here, for the most part, and a lot of the guys know how to dig .... I just see a possible potential for a final distribution to clear the books right above the last receiving class .... in this case class 8 .... Remember, a creditor class can be the last in line IF and only IF there will NOT be enough final funding (liabilities exceeding assets by a substancial amount and all of that ... normal BK .. ).... A creditor class CAN NOT be the last in line if there are open ended distribution issues .... it would always have to be an equity class or a hybrid combination of both creditor / equity class due to the fact that an ending distribution can NOT have maximums or a fixed limit of recovery .... only an equity class does NOT have fixed limits or a face value ....
I hope I'm making sense ....
I'm up to my eyeballs over on the other security (you know where) so it is very doubtful that I buy back in here (NO MO MONEY, period) but I couldn't help think about this closing issue regarding some of you guys that are over here ....
It probably would still be a while but hey ..... they have to finalize sometime .... (6 year maximum limit for the FDIC to close and finalize)
anyway
You guys have some good Holidays
AZ
