1.
Aurellius made their name with Argentina. If an equitable plan unattainable then supreme court on the merits of cofina lien. Ill take bets right now. 9 to 0 if scope is narrowed to the merits of cofina and not all the political machismo
— Eric Cohen (@ercohen12001) August 8, 2018
2.
@TimTravis2 @smelky_kid Cate is predicting that the GOs will get the same recovery as Cofina Seniors--I'll be looking for "2" yacht parties then--Ted and Tim!!!😉
— Allen Berman (@berman_allen) August 8, 2018
3.
That they have!!!--with them seemingly going along with very significant recoveries for GDB [an exceptionally weak credit!!], Cofina, and PREPA, are the OB ringleaders losing their nerve/self confidence????
— Allen Berman (@berman_allen) August 8, 2018
4.
I know I'm speaking the truth. COFINA has been solvent since 2006. Year prior to hurricane SUT at 11% = 2.4 billion annual. The first 5.5% is 1.2 billion. Debt service for all cofina principal + interest 720 million. Collusion: cofina sr + GO group + rosello + oboard.
— Eric Cohen (@ercohen12001) August 8, 2018
5.
And cost the majority of COFINA bondholders (the "Juniors") about 44 cents for every $1 they invested in the future of Puerto Rico. The bondholders didn't cause the fiscal crisis; the Gov't of Puerto Rico did with its financial policies. Why isn't the PR gov't being penalized?
— Gene Krauss (@gene_krauss) August 8, 2018
6.
Proposed Puerto Rico recoveries to date:
— Manny Garcia (@GarciaManny4) August 8, 2018
Cofina seniors -- 93%
Cofina juniors -- 56.4%
Govt Develpment Bank -- 55%
Prepa -- 77% (needs to be much higher given First Circuit ruling today)
7.
Andrew. respectfully Your premise is wrong. Sr and jr should get 100. If sr only want 93 thats their business . AS a JR why take less than 100. COFINA IS SOLVENT
— Eric Cohen (@ercohen12001) August 8, 2018
Puerto Rico hasn't even posted monthly SUT since February. They report some convoluted variance bullshit.
8.
🤣. Not a cofina hater at all, just merely point to the errors in the documentation thereto, and thus conclude GO has a legal seniority. OB should provide clarity as to allocation of cash flows from FP to all issuers. Has the GO Ad Hoc opines yet?
— ricardo fishman (@puertoricanfish) August 8, 2018
9.
I thought I saw language in the COFINA proposal requiring deposit of accrued interest up to 7/31/18?
— Gene Krauss (@gene_krauss) August 8, 2018
10.
Is Puerto Rico even bankrupt?
— Eric Cohen (@ercohen12001) August 8, 2018
Prove it
Its cofina insolvent?
Prove it
11.
Bankruptcy law is a flexible tool for achieving a desired outcome that doesn't always accord w/ equal-treatment and absolute-priority rules. Example: Cofina subs get nice recovery even when Cofina srs not paid in full. https://t.co/WJl9fbtHXK
— Andrew Scurria (@AndrewScurria) August 8, 2018
12.
Key parties reach COFINA deal https://t.co/tqHGYffjQN
— The Bond Buyer (@TheBondBuyer) August 8, 2018
13.
Follow me on INSTAGRAMhttps://t.co/O6DHsizJJu …#internationalcatday
— 💋🦄HairyPuss🦄💋 (@Growlerpussy) August 8, 2018
oscars
omarosa#cureheartachein4words#queenradio#oneofmyfavoritememories#8letters
cofina
best popular film
best picture pic.twitter.com/ed2QdsF3mQ
14.
Cofina : Puerto Rico Bondholders Agree on Sales-Tax Split https://t.co/Dn5F74uYcf
— 4-traders.com (@ForTraders) August 8, 2018
15.
$ambc: COFINA Deal with 93% Recovery for Senior Bondholders Huge Win for $ambc
— Mark Palmer (@PalmerBTIG) August 8, 2018
https://t.co/7nLGI8kSZk $mbi #btig #muniland
16.
Oooooops, Cofina settlement leaves absolutely "zero" for the other 16 PR credits--Ouch!!😉
— Allen Berman (@berman_allen) August 8, 2018
17.
Deal reached over #PuertoRico sales tax bonds https://t.co/z7vB3k0NtX pic.twitter.com/cunN5rcUpf
— Reuters Legal (@ReutersLegal) August 8, 2018
18.
GIL--what's really a shame in the Cofina "story", is the "locals" who panicked after the really bad "trifecta" [1) Maria, 2) OB constantly threatening a "0" FP, 3) Trump's idiotic "debt has to be wiped out!"], and liquidated their Juniors, late last year, at under 10 cents
— Allen Berman (@berman_allen) August 8, 2018
19.
Independent of deal economics re COFINA, should OB: 1) have delegated settlement authority to the unsecured creditors on the issue of “property” and 2) does today’s decision by 1st Cir. as to what constitutes a statutory lien warrant what some may argue is preferential treatment?
— Rafi Arrillaga (@RafiArrillaga) August 8, 2018
20.
COFINA DEAL IS A SHAM. VOTE NO
— Eric Cohen (@ercohen12001) August 8, 2018
IF THE LIEN IS GOOD FOR THE SENIORS ITS GOOD FOR JUNIORS.
SUFFICIENT REVENUE TO PAY BOTH. SOLVENT STATUTORY LIEN. IM VOTING NO.
WHO ELSE?
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