Bbanbob, this is exactly correct! What the Sand Guru wants to ignore is the (OC) OWNERSHIP CHANGE that occurred with the court approved and signed documents that occurred on (ED) Effective Date of 3/19/2012.
The OC change effects both bk cases which also includes any Safe Harbor, BK Remote anssets, otherwise there would be dual ownership of assets and that could NEVER happen especially in the Delaware BK system.
It’s DEFINED; Class 19 will receive 75 percent of the Retained Earnings which by now should be around $25 Billion.
That’s much greater than the would-be interest accumulation that’s not happening. Non-accumulating.
Plus the performance payments.
Do the MATH. You are already being greatly compensated for your interest. • ~4.6X by my MATH. Getting Greedy?
The COMMONS did not Surender the ESTATE to Class 19 and then only receiving 25 percent of their property???
For the Record; I own both UQ and PQ. I have done the Math for Global 75/25% and as I present; 75/25% is limited to the RE/DCR, UQ receives the WMI Estate. My perception on outcomes is not biased because My reward from ether outcome differs very little.
Class 19 property rights are from Preferred Funding, and The Estate (The Commons holders) are gifting 75% of RE/DCR to compensate for lost dividends. More would be “Unjustified Rewards”.
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