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hestheman

09/17/12 10:14 AM

#14120 RE: hestheman #14119

If the actual CT subordinate bonds are in the one common share escrow account.....hmm, well....dividends anyone? Just a thought.
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JERSEYHAWG

09/17/12 10:14 AM

#14121 RE: hestheman #14119

IMHO, we would not get a check in the mail. Just one day, as if by magic, dough would be in our accounts, lol

Edit: dividends, i would love to see. But i am not sure.

Good posts HESTHEMAN. and everyone else to.
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cottonisking

09/17/12 10:57 AM

#14135 RE: hestheman #14119

The debtors are following the plan to the t when it comes to senior debt and equity interest.

However, when it comes to TPS, the action will not start until the $53.5B BK payment plan is paid in full. The BNYM will need to assert its indenture rights.

The sub note to the CT are in a liquidating trust for creditor debt/claims.

Equity interest is in another liquidating trust for the plan trust.

This is how I see the layout or landscape, today.