Ron 66271.. I am not an expert like you and Azcowboy but in the back of my mind, that is what I always thought... That is, how can a bankruptcy close without JPMorgan Chase paying for WMB? Thanks for all you and the Azcowboy do...
Ron 66271, maybe that is why the Underwriters wanted to be in Class 19.. because they knew the JPM payment would be made before bankruptcy closed and thus, they wanted to be on the high side, of the 75/25 split.