Like I said, my bet is he was referring to the 0 - 1% for preferreds. But it still is a change from the absolutely, positively, no recovery being spouted in the past.
Ilene, please rise to ask the judge why she didn't address your issue of gerrymandering the vote in her "opinion". I'm sorry I can't be there to do it myself. How I would love to ask the judge about her "opinion"!