Does it normally happen 60-90 seconds before a DOOM and GLOOM statement in court by our attorney for the estate??????????
I'm well aware of dead cat bounce plays, been in the markets for 42 yrs
Not asking for it both ways, from what we all KNEW APR was not going to be used and COMMONS were """ALLOWED"""" TO PARTICIPATE or play at 25% of any and ALL recoveries correct, have ya heard one bitch from prefds ever EVER, so we accepted it and moved forward as a WHOLE GROUP agreeing to the 75/25 split to the end correct NOT a DIVIDED GROUP, but now that it is BOBVIOUS short of paying off T-5 we no longer are going by those original conditions..........HMMMMMMMMMMMMM
These conditions were allowed in GOOD FAITH so as to allow all to participate and NOW IF the tide turns so would you?
It was… 100% of the distribution to Tranche 6 will be applied to the Preferred Allowed Claim until they are paid in full or made whole…
Now its 75% of the distribution to Tranche 6 will be applied to the Preferred Allowed Claim until they are paid in full or made whole…
And 25% of the distribution to Tranche 6 will be applied to the Commons Allowed Claim until they are paid in full or made whole… or until there’s nothing left. And of course after the Preferred are paid in full, the 25% would jump to 100%… since they are last in line…
ALL on both sides commons OR prefrds should be pissed about this, it's just like this whole bk scam from day one, what is RIGHT is what matters
NOW it comes to light that short of tranches 2-5 being paid in FULL and MADE WHOLE, commons that according to the APR that was in fact DROPPED for all intents should not have even been here but are, will get the balance of the estate past face and interest on prefferds!
YEA that's the ticket, commons shouldn't have even been here, but were allowed TO BE HERE and now want all the goodies over 7.5 bill to prefrds............to be the commons holders money
Aint you a fine example
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