Replies to post #45 on TMST, Inc., 8% Senior Notes (TMA.GB)

[Enterprising Investor]

Service charge began in October 2011.

It is a demand deposit account and earned $98,181.61 in 2010. The interest rate earned in December 2010 was only .12 percent.

The only way to earn 1 percent in today's interest environment would be a longer-term CD. The funds be kept liquid.

[56Chevy]

I see that my friend and partner EI has allready given the best answer. Keep in mind we're in the Ch 7 liquidation mode. To add to the advantages I see that that $95M dollar asset is real cash (regardless of the low interest rate it earns currently) if that asset for example were buildings or inventory or property it could be years getting it monetized..and that could cost holders far more in recovery time and money (if properties sold for lower than expected..etc) than the low interest it earns. I see that $95M in cash as a very good thing.

Make sense?