Ken Smith

IEPp prnewswire.com/news-releases…

Am I the only one who has noticed the PlanMan and his Attorneys have been loading up the PCRs with disclaimers..? The kind of disclaimers that state in very clear wording that what you see, might now be complete as to the financial outcome of this Chapter 11 Bankruptcy. Also, that the accuracy to the information being provided in the PCR may not be accurate. I’ve made it a habit to compare the “Global Notes” for each individual debtor entity filing from the first round of PCRs that were filed back in 2024 thru this past week. And guess what..? The debtor entities grouped together back then are not the same groupings that the Global Notes pertain to as of today. There are some very clear intentions, imo. Actually one in particular, that is said to belong to a set group per its referenced Schedule A, in its Global Notes. Low and behold, that debtor entity is not included in that Schedule A for that particular filing. So inconspicuous that anyone not actually comparing them word for word, debtor entity by debtor entity for each quarterly Post Confirmation Report filing, would ever notice. I hope this thing comes to an end soon, before someone figures out the answer to the question of how this exit will be structured, and what it will look like when these cases are ultimately closed. It blows my puppy mind, thinking about how someone structures these documents in a way that maximizes recoveries, by making the outcome seem destined for liquidation, when the exact opposite outcome is clearly visible if you look at the framework from a distance, but not exposed in a way that makes it too evident. Once the thesis is proven, I at least hope, RC gets invited to a few of the NY/NJ Law Firm holiday parties. Or at a minimum, RC wins the Best Friend of an Attorney Award. Because for the last 5 years that man, RC, would have been a repeat award winner. And to top that off, RC hasn’t lost one yet. ⚖️