Mallinckrodt plc Ordinary Shares (MNK) Social Stream

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$MNK

Here are some numbers from the RSA...

New equity (post BK) valued at $1,551mm to be shared as follows:

70% for 3 Unsecured tranches (excl Apr 2023): $1,086mm
10% for Management: $155mm
20% for Opioid settlement: $310mm
0% for Apr 2023 tranche: $0
0% for current equity holders: $0
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New 10% Second Lien exchange 3 Unsecured tranches (excl Apr2023): $375mm
Apr 2023 tranche's share in new Second Lien: $0
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Recovery rate for 3 Unsecured (excl Apr 2023): 97c/1$
(new SL Bond: 25c/$1 + New Equity valued at: 72c/$1)
Recovery rate for Apr 2023 Unsecured: 0c/$1
Recovery rate for current Shareholders: 0c/$1
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In a voluntary BK. has anyone seen an almost full recovery for some Unsecured tranches while one tranche held by retail investors, and current shareholders (not involved in the negotiations), get nothing?