Quote: "What bothers me the most is why we have not yet seen a payment. What is holding it up? The BK closed in Dec 2019, as we see thee seem to have been payments in the past,"
Class 18 was only finally paid (not in full) a couple ??months?? ago so there was no way Equity could start receiving distributions before that higher class was paid, ie, Class 18 could have made a claim against that cash.
We were denied payments because of the bankruptcy proceedings while other 3rd party investors would have received their payments as normal over the years because their distributions were not suspended by bankruptcy rules.
""IF"" boarddork is right about the liquidated and still active securities being legacy assets then as he stated, distributions would follow the set schedule of the relevant Trust.
NOTE: I go where the evidence takes me...right now the evidence suggests that something may be there. Prior to Feb 2019 I was firmly in the Pro-Escrow camp!