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BBANBOB

01/26/23 11:04 AM

#701882 RE: Boris the Spider #701878

Boris

AND REMEMBER they risked their lively hoods, their businesses, their licenses, AND THEIR FREEDOM taking a chance to get all of the P's and K's they could get their collective hands on..

NO SIR they are NOT TUPID and did this for a reason and imho the reason is simple
The P's and K's will get their 75% due them and as well the commons will get their 25% due to them. And so far I have yet to see ANYONE put up links that specify anything to indicate it is NOT FOR ALL DISTRIBUTIONS TO BE MADE.

One would think that if IF IFIN there were some sort of maximum allowed to be paid to either , THE 8K and PR imho would have stated, that the 75% is only up to X !!!
Remember the APR was dropped and done away with here, in short MEANING THERE ARE NO CAPS as to what the P's or K's can receive ALL it ever stated was they get 75% and COMMON get 25%, but never once have any produce anything to indicate that the 75% is LIMITED IN ANY WAY form or fashion...................Same goes for the commons 25% all it said was 75/35 for ALL DISTRIBUTIONS> ALL ALL ALL

Again if if if a common gets say $68 or $128, can anyone here tell me they with what they have invested here, didn't just. HIT THE BIGGEST HOME RUN of their investing career.

Heck even pre'd will have hit a good one out of the park, now those that were in at 47$ like a bud of mine OK so its a TRIPLE and I doubt he will turn it down or refuse to take it....................
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goodietime

01/26/23 2:41 PM

#701908 RE: Boris the Spider #701878

They went through a lot of effort in order to REMOVE the APR Rule.

I'm thinking they had a GOOD REASON, (for them), to get that accepted.
Quite unusual to happen!

What is the Absolute Priority Rule (APR)?

https://www.wallstreetprep.com/knowledge/absolute-priority-rule-apr-priority-of-claims-waterfall/
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BBANBOB

01/26/23 2:55 PM

#701909 RE: Boris the Spider #701878

Boris
BINGOOOOOOOOOOOO
"""The hedgies and UWs have mainly Ps.....so I find it hard to believe commons get it all. LOL"""

Any that spent as much money as they have to INCREASE their % they would get in prefrds and to keep their preferds and risk what they did to acquire as many as they could, DIDN'T DO THIS FOR NADDA
NOW one also has to know the 75/25 WAS A COURT ORDERED NEGOTIATION to allow ALL TO PLAY, so nobody sand guru or not can CONvince me they negotiated away their rights to receive the BULK(75%) of what is left and any that THUNKS they did, NEEDS TO RE THUNK that IDEA imho, SINCE they were IN A 100% ABSOLUTE PRIORITY POSITION TO START WITH.
So they gave up 25%, but imho not the WHOLE ENCHILADA as some have suggest where commons get the BULK OF THE ESTATE after some MYTHICAL X dollar value is met for prefreds

COMMON SENSE AND LOGIC USE THEM THEY WORK