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toogoodfella

01/01/24 10:27 AM

#109446 RE: toogoodfella #109445

RE: I GUESS WE WILL KNOW WITHIN THIS YEAR.

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There is many reasons to think LBHI will be recapitalized;

Number one is that the creditors will not be happy to completely lose the unpaid claim of about 130 B.

Secondly, Ten percent of creditors are the affiliates and they received about ninety percent of the 130B distributions.. (they have money)

Third, it is Chapter eleven.

Fourth, All equities are in escrow to protect the NOL.