Retained Earnings of $20.7 Billion.
Retained Earnings is money set aside for dividends.
Nothing to do with NOL’s.
The Equity Committee Presented the assets sold in the 363 Sales during the Plan 6 hearings.
$25 Billion.
These are the same assets listed in both the GSA and P6 Disclosure Statement.
EC requested control of the Liquidation Trust created in Plan 6, that control as granted by the Court.
EC then created Plan 7 to pay the Creditors, Class 19 is a creditor and obligation to Class 22.
APR was removed with Plan 7 because Class 22 proved to the Court that all Creditors will be satisfied, including Class 19 with a bonus!
2.1X on day one with the funds placed in Treasury Notes.
APR cannot be removed on a future speculation of a stock price.
Using FJR of 1.95 percent;
2.71X to Class 19.
$5.55 to commons.
The end of 75/25%
The Common’s own the Debtor’s Estate.
I have posted this to many times to many people that can’t read or do basic math!!!!
Ron