Even future payments were a percentage of profits and but not guaranteed.
That’s not part of the bid. The bid only had two components: a cash portion and a commitment to reduce claims by certain creditors. For non-participating creditors, it’s the exact same equivalent as a $7 million cash payment to the estate.
Future promises were made to families to incentivize them to reduce their claims (and therefore bring more money to the estate), but that’s not part of the bid itself.
I think you’re struggling to understand what’s happening here because you’re so anchored on your initial incorrect perceptions.
That’s not part of the bid. The bid only had two components: a cash portion and a commitment to reduce claims by certain creditors. For non-participating creditors, it’s the exact same equivalent as a $7 million cash payment to the estate.
Future promises were made to families to incentivize them to reduce their claims (and therefore bring more money to the estate), but that’s not part of the bid itself.
I think you’re struggling to understand what’s happening here because you’re so anchored on your initial incorrect perceptions.
I’m only struggling with keeping with your mental gymnastics.
I get it, you want the onion to win. Me too. That shouldn’t mean we make up the facts.