The TPS was offered the new 75/25% in an effort for them to settle from the 70/30% first offer.
It didn’t take 2 years.
You are mixing up things with Alice’s UW fiasco.
She lost for the right reason.
75/25 stops at the Retained Earnings of ~$25 Billion.
Perfectly documented in the February MOR and as plan as day if you can read a balance sheet. RE has nothing to do with Plan 7 Creditors. That’s why it’s not discussed in the body of the document.
RE $20.7 Billion. RE satisfied APR. Class 19 made whole. ~2.5X above FV. That’s more than the would be accumulated past interest.
RE is the low hanging fruit and can easily be released.
Market Data 
Markets 
