Replies to post #23961 on AbitibiBowater, Inc. (fka ABWTQ)

[ergodoc]

"Their dismay arising from the loss of their investments is real, but without probative evidence to rebut the Debtors' valuation evidence, this record provides no rational basis to conclude that the Debtors' valuation is so flawed that it fails to account for more than $5 billion dollars of value."

"Because the Plan does not contemplate substantive consolidation of the Debtors, Blackstone also prepared (i) a projected range of recovery for unsecured creditors of each Debtor, and (ii) the Legal Entity Creditor Recovery Summaries, attached as Ex. F to the Disclosure Statement, to detail projected recoveries under the Plan for unsecured creditors of each Debtor. The Debtors have demonstrated that the Plan provides substantially greater recoveries to holders of Claims than a hypothetical liquidation under chapter 7, the CCAA or the BIA. (Id.)."

"This record amply supports a finding that the Plan was negotiated
and proposed in good faith."

H

[emailjanum]

From opinion

'Their dismay arising from the loss of their investment is real, but without probative evidence, to rebut the Debtors' valuation evidence, this record provides no rational basis to conclude that the Debtors'valuation is flawed that it fails to account for more than $5 billion dollars of value'

THJKJC- Evidence

1. DOCKET 3024.
2. Evidence S-8 (Statement of Claim)(43 Million acres of Rights)
3. NHB Advisor mid point liquidation value of $9.9 Billion
4. Plan distribution value of 6.8 Billion (gross), Plan page 150

Now, you can look other way and ignore these facts, but these are FACTS. And how can we encounter Debtors' valuation? We are not allowed to even look at it.....It is sick.