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LuckyPanda

03/05/19 12:09 PM

#562276 RE: goodietime #562274

Yes, the math is simple. Lets say you had 200 million total markers for this one class. You would assign 150 million markers split evenly to the releasing preferred classes weighted by the par value of their preferred shares and the remaining 50 million markers will be split evenly amongst the releasing common shares.

Guess what? You dont have to believe my math. This very same math has already happened. Its called WMIH.

WMIH originally had about 200 million shares split 75/25 between preferred and commons coming out of POR7.

They could have done the same exact thing with one escrow class for both preferred and commons. Why maintain separate escrow classes if you are going to split 75/25 everything to the end? Makes absolutely no logical sense unless APR comes back into play for bankruptcy remote assets.
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BBANBOB

03/05/19 12:13 PM

#562278 RE: goodietime #562274

Goodie stop you're making far too much sense with this, it won't be understood!
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zeus_0100

03/05/19 12:20 PM

#562282 RE: goodietime #562274

You do know don't you that there will now be less than $40 million, if even that, so your point is rather MOOT.
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wamugold

03/05/19 1:38 PM

#562302 RE: goodietime #562274

Just two words "class Specific" It has been mentioned so many times by AZ still people cannot comprehend....

Each marker will be payed according to their class specific trust...