No BBob, That’s 100% Fiction.
Alice made up the Class 22 offer to the Underwriter’s.
Alice had no right or standing to even make the offer. There was no structure for the UW to receive a Class 22 claim.
The goal was to force a renegotiation of the Plan. The Court, WMILT, and the UW were not going back to renegotiate the Plan. The WMILT paid for the UW’s expenses.
The Court, by hearing Alice has able to shut her down.
Class 19 redemption is in the Retained Earnings and in the accumulation of performance payments for the Series R.
Series R;
~2.5X + ~2.1X = ~4.6X.
Series K;
~2.5X.
TPS;
~2.5X.
75/25% stops at the Retained Earnings of the February MOR.
Class 19 doesn’t get Class 22’s properly!
Ron