Thursday, October 3, 2024

EXCERPTS FROM BRUCE, 4 OCT

 EXCERPTS FROM BRUCE

In some cases, they'll use a silent or something different. But point is, it's a simultaneous start. Now what we're hearing about a shotgun start is pretty interesting, because we could get a true, shotgun  start, or it could be a slightly staggered start - 

 here's what I mean by that, the bond holders are supposed to be notified over night tonight or tomorrow morning, and that notifies them that They have money in their accounts, and they can begin gaining access to those funds in their accounts.

Now we are in a different situation because the bond holders for the most part have already ponied up their bonds, had them adjudicated, had them, you know, gone through provenance and all that stuff, and they set up their accounts already,

so it's just a matter of them getting access to the funds in their accounts. That's tier three. We're in tier four, and we've divided it into tier four, A and B, but Wells Fargo,  sees it all as tier four, all right, that's fine.

In our case, we’re hearing we're supposed to be notified overnight, tonight or tomorrow.

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