Nobody's been able to explain why it's relevant, so some of us (guilty as charged) tends to give short answers. "
So far the date itself is irrelevant from Newco,s POV as long as the plan remains as is.
What does a delay represent?
using comma,s for apostrophes.is that problem fixed?
If the date is pushed out then:
the NOL,s value drops
the return to H,s(which I hold, thus my personal angst) diminishes.
If MBS was a slam dunk for class 18 why allow them to extend the hearing? If as Charliendude speculates there is a settlement in the works what would that consist of? How much would H,s be affected by such a deal or by MBS placement fully or partially(ala DIME) in class 12?How would Newco be affected if MBS gets a piece of the action(ala DIME)? If the H,s are wiped out or reduced significantly and AAOC does not get full contractual benefit( taking away $200million from H,s would accomplish this,IMO) will they demand more from Newco?If the Trustee from WF grows a pair at the behest of AAOC and contests any items which effect AAOC,s returns how much further will the effective date be put off?Would a settlement change the flow of the Liqiudation Trust returns?The holders of the loan to Newco say they expect to see no return from the Liquidating Trust. If they are guaranteed to not see such a return will the terms of the note change? If the interest increases from 13 to 15% how will that effect Newco,s ability to raise capital in the market place?
From Charliendude:"Dixdeau: I believe that recent filing on the D&O Indemnification was in regard to their reserve."
Yes it is. The class in which the claimants will be placed has been settled.The maximum amounts which will go to them has been settled. The classes below 12 can only benefit from changes in those payouts,so far.All parties can live with the numbers as is. This leaves MBS as the last non housekeeping issue to be dealt with. How much of a surprise coming from that quarter will it take to upset the delicate balance?
None of this keeps me awake at night but until the effective date passes all/any changes are possible.
There is always something, until there isn't.
