Replies to post #6381 on RS Legacy Corp. (fka RSHCQ)

[bar1080]

Here's what the POR says about the bonds which are actually notes due in 2019. Class 5 claims will only get 75% payout. I doubt the notes (class 7) will get much if anything. The current bond quote of $0.25 on the $100 backs that up. It does appear the bonds will continue to trade after today.

"Holders of Allowed Class 6 General Unsecured Claims are generally entitled to distributions of their pro rata share, with Allowed Class 7 2019 Note Claims, of the net distributable assets, as described in the Plan.

The Plan generally provides that holders of Allowed Class 7 2019 Note Claims are entitled to receive distributions of their pro rata share, with Allowed Class 6 General Unsecured Claims, of the net distributable assets, as described in the Plan, plus the potential for additional distributions."