LD, yes I will try – both the preferred of P”s and K’s are class 20 and will be treated the same. The Debtors wish to confuse and make you need sign a release NOW! For me the release is worth more than the 0-1% that the plan now gives class 20 – plus you have up to one year to give them the release. Do not give it now.
From my last post and how I will vote:
I plan to Reject the Modified Plan
Re: RELEASE ELECTION - It does state in the voting instructions, Ether if you:
- Elect to opt out
- Do not return voting Ballot
- Or leave both unchecked
They will all be treated the same
I plan to leave it blank and with a written – Note: Unable to vote for releases with information supplied in the Disclosure Statement
THAT YOU WILL NOT BE ELIGIBLE TO RECEIVE A DISTRIBUTION PURSUANT TO THE PLAN, UNLESS AND UNTIL YOU GRANT THE RELEASES WITHIN ONE YEAR OF THE EFFECTIVE DATE.
WE ALL HAVE ONE YEAR TO GRANT THAT RELEASES, AND IN ONE YEAR I WOULD HOPE I HAVE A GOOD IDEA OF THE VALUE OF THOSE RELEASES.
ILS
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