News Focus
News Focus
icon url

ron_66271

01/27/18 2:27 PM

#506034 RE: Theoaktree2017 #506012

Prefer share is cap??...

CAP is the wrong term.

Preferred shares Claim is to their property.

Their property is the Preferred Funding Trusts, and 75% of the Re-distributions from WMILT.

WMILT Re-distributions [IMO]
$30B from $21B plus interest for the 363 Sale currently held in US Treasure Notes.
$$ Proceeds for 365 Sale.
$$ Proceeds from Court Registry Accounts.
$$

Preferred shares Claim is not for The Original Debtor's Estate, which belongs to Released Common holders.