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56Chevy

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56Chevy

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Re: Bondy9 post# 225

Tuesday, 02/11/2014 4:42:48 PM

Tuesday, February 11, 2014 4:42:48 PM

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Wrong and wrong.

Do you understand what "absolute priority" is?

For starters the $100MM goes to the Bank... not the bank holding company [BHC].

The $4.77MM goes to the unsecured creditors of the BHC...and I just showed you who is in line ahead of equityholders that have a claim on that $4.77MM.

Filing BK allowed them to ditch the creditors and the BHC and then take over the bank minus all those debts. The problem for equiyholders is they go with the BHC ...not the bank.


Learn something new every time you invest...and take it with you to the next opportunity.

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