🤑🤑🤑🤣 Just like the ECAPS' held by partnerships 12&3, LBHI could payoff the CTs' principal ($25 per/share) and back interest (8% simple over 15.5 + years) and keep their junior subordinated debentures held by the BNYM for another purpose.
The IRS would receive a truck load of cash from this win/win scenario or the Framework Agreement.
Why did the PWC Administrator's for LBHI2, 30th Progress Report, submit a $1.8 Billion subordinated claim against LBHI2 ? The Wentworth Group versus the CTs Holders' preferred equity global prospectus guarantees?
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