_GENERAL DOCUMENTS - C1981017 ‎(170)‎

• Permit No: C1981017
• IBM Index Class Name: GENERAL DOCUMENTS
• Doc Name: Bid Documents ‎(IMP)‎ Amended Plan
• Permit Index Doc Type: General Correspondence
• Media Type: D
• Archive: No

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eliminating $493, 699 of claims from Class 9 and adding
$150,000 of claims to Class 8 -- a net reduction of
$343, 699 of claims. Counting the claimants electing
Class 8 treatment, ballots were received from 30
claimants, holding a total of $209, 016 in claims.
(i) Twenty-seven Class 8 claimants accepted the Plan,
which is 90% of the number of such claimants voting
on the Plan. Three Class 8 claimants rejected the
Plan.
(ii) The claims held by accepting Class 8 claimants
total $197, 1251, which is 94 .3% of the amount of
Class 8 claims voting on the Plan. Claims held by
rejecting Class 9 claimants total $11, 891.
i. Class 9 -- General Unsecured Claims Exceeding
10 000. Class 9 consists of each allowed claims not
otherwise classified under the Plan, including all claims
which are secured by consensual liens, judgment liens,
mechanics' liens, or other liens whose priority under
state law is junior to Sanwa. Scheduled and filed claims
in Class 9 total approximately $16. 1 million. Ballots
were received from 18 claimants, holding a total of
$10,925, 155 in claims.
(i) Fourteen Class 9 claimants accepted the Plan, which
is 77 .8% of the number of such claimants voting on
the Plan. Four Class 9 claimants rejected the
Plan.
(ii) The claims held by accepting Class 9 claimants
total $10,743,872, which is 98.3% of the amount of
Class 9 claims voting on the Plan. Claims held by
rejecting Class 9 claimants total $181,282. See
Paragraph 6 below.
j . Class 10 -- Pitkin Iron Corporation. Class 10
consists of the pre-petition claims of Pitkin Iron
Corporation. The scheduled amount of the claim is
$3,688,342. No ballot was received from the Class 10
claimant. The Class receives nothing under the Plan and
thus is presumed to have rejected the Plan. See
Paragraph 7 below.
k. Class 11 -- Former Shareholders. Class 11 consists
of the claims arising from the sale to the Debtor of the
Debtor's common stock by former shareholders . Scheduled
and filed claims in Class 11 total approximately $2 .7
million. Ballots were received from all 8 claimants.
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