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toogoodfella

08/03/21 6:11 PM

#94659 RE: toogoodfella #94658

NO NEED TO DEFEND IT FROM JOE

(ssshhh… he may not be able to comprehend it anyway) lol! ..

Note:

1. We all knows that Lbhi have a claim against itself of about 30B.. (Sell down).

2. We are also aware that all equities is being preserved as ONE SHARE to prevent any change of ownership.

—-//——//—-

……if certain conditions, relating primarily to continuity of equity ownership,
are met. To preserve maximum flexibility for the Debtors to qualify for the (l)(5) Exception,
certain procedures are being imposed to allow the Debtors to request that certain creditors sell
down some of their positions if such a sell-down would provide a reorganized Debtor with more
flexibility to use its NOLs and other tax attributes.