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03/04/19 6:44 PM

#562125 RE: LuckyPanda #562117

LP, you said the following "LG, no one has posted a "logical" explanation on this board on why separate classes of escrow markers were issued if 75/25 split to the end is the case."

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Remember SG's Justin Nelson tried to get on record assets over liabilities by 32 over 8 billion. The Judge warned him one last time to not discuss these assets as they are not legally recognized in the Delaware Federal Bankruptcy Court. Justin never tried again or the court would have sanctioned him.

With that said, the court could never imply, accommodate, suggest or take any suggestion there were assets elsewhere, in Safe Harbor, bankruptcy remote or not so they had to make plans for commons to play.

Once they agreed to lift the (APR) Absolute Priority Rule, it was taken off period. This is why those who signed timely releases by 3/2012 where there was an ownership change and all preferred and common prospectuses canceled along with ALL associated documents effective on 3/19/2012 shows the last link in chain of title to prove ownership will share at the 75/25 rate. This reaches into the (DSTs) Delaware Statutory, Safe Harbor and/or BK Remote assets.


LP, think of it this way - if not for those investors who signed timely releases by 3/2012, how would ownership or those assets be identified, again if not for the bk prcess which includes signed releases.

If anything other, you would be implying that investors who never signed releases would own Safe Harbor, BK Remote Assets and that is not how this plays out.






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BBANBOB

03/05/19 8:39 AM

#562217 RE: LuckyPanda #562117

Lucky
Didn't they pretty much address this when they put out the 8K stating prefd "equity" and common "equity" placing both in a "EQUITY" POSITION