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To: Sean Collett who wrote (91)12/29/2025 7:12:41 PM
From: sixty2nds  Read Replies (1) | Respond to of 95
 
Aloha Sean,

Iggy...err...Ignore most of the riff raff on X.

They are the...

Got a hunch?
Bet a bunch monkeys .

The research you put up is 1st rate.
Your read of the players at the table is accurate.

Interesting back and forth with Value Kitty
Thank you for posting the link.

I agree with your no LME thesis.
My opinion has not changed...

I think the Common is zero'd out.
I think the odds favor the meter running on the Preferred until 3/2031.
Kick THAT can down the road.

Pre Pack or Court.
At the end of the day there are too many cooks in the kitchen.
THAT
I believe works against a prepackaged BK.
I'd like to be wrong
BUT
I think this goes to BK court.

I am prepared to sit still until 3/2031.
THAT
was my original plan.

Mahalo,
60



To: Sean Collett who wrote (91)1/4/2026 6:57:42 AM
From: michaeljblurry1 Recommendation

Recommended By
sixty2nds

  Read Replies (1) | Respond to of 95
 
Thank you for all of your work.

Which bond would you see as the fulcrum in the even of a filing?

In addition, does the DTL crystalize once a filing take place, followed by a IRS 108 exclusion of insolvency to avoid the DTL?

This complex situation will def feed us great lessons.

Happy Holidays,

Al