Thanks Mudrock ... I thought as much.
On Page 2 of the KM Supplementary Report to Creditors, KM states that,
"The high case scenario assumes the interest component of Ames’ debt is not secured. This is not a factor in the CPS DOCA Proposal. The value of Ames’ outstanding interest is sufficiently large to suggest any dispute with Ames on this point is likely to be litigated. There is currently no provision for ECM to fund this and it is assumed that the Administration incurs these costs. The Administrator currently does not have funding to incur this."
I haven't seen anyone on HC discuss this. What does this mean? Is it still relevant after ECM submitted the second offer etc etc
Born again ERJ, page-8
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