/biz/ - Business & Finance

The reason for the pace now is that the 2024 bonds mature May 1. They need to effectuate the class 6 compensation before that, and in order to do so, JPM needs to be 100% done and Texas taxes as well. However judge Papa said they may effectuate this, outside of court, so there should be no holding back. Expect a veritable rain of dockets the coming days. They must fire off the waterfall, or pay up houndreds of millions of cash for the matured 2024 bonds. I dont think that they have to complete all of the waterfall right now, however they may do everything at once. Regardless, we are in for happening. I also hear there is a third amended plan due within a week, deadline is April 18. Deadline for settlement with JPM is April 15.

WAGMI