Clarifying “Book Value”

lpiweb17 Other News

We’ve had a few investors ask us to clarify what is meant by the PHT’s “book value” and how that relates to their likely recovery from the PHT. To clarify, as we pointed out in the December 2017 investor newsletter, a company’s book value is simply the total value of its assets minus its outstanding liabilities at a particular point …

Contrarian Offer

lpiweb17 Other News

The Trustee has learned that holders of PHT units have received an offer from Contrarian Capital Management to purchase the holders’ PHT units. Transfers of PHT units are subject to the transfer restrictions set forth in the Position Holder Trust Agreement. Also, transfers of PHT units will only become effective as of the next June 30 or December 31 to …