He uses the right words, but he’s conclusions don’t matter.
The CCB’s are satisfied. All Creditors are satisfied. Class 19 is satisfied but not paid yet because the FDIC has a lien against Retained Earnings of the February MOR.
~2.5X FV to all Class 19 claimants. How is the TPS holders going to be paid? Big pockets! (TPS are $1 Million FV).
That is why APR was removed and Class 22 is in the Game.