"the UW's had the opportunity to move to the only dilution allowable CLASS which was class 22. WHERE THEY were ONLY SUPPOSED TO BE PLACED IN THE FIRST PLACE "
That is the way I understand it also. BUT, for 'some reason', they SNUCK into the P line.
Alice had no right to offer a charge in Class to anyone! The Underwriter were the underwriter for a Class 19 security. Therefore the UW never had the reason to go to Class 22. All fictitious stories made by Alice.
APR; Removal of APR was do to the Retained Earnings of the February MOR which created a payment mechanism for payment to Class 19 and Class 22 before Class 19 was satisfied. The ~2.1X greatly satisfy the Class 19 past interest payments
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