to the allowed amounts of their claims. Thus, the alternative test set forth in Section 1129(b)(2)(B)(i) is not satisfied. It is also undisputed that the interest holders are junior to the unsecured creditors, and that under the plan they will receive the opportunity to buy the stock of the reorganized debtor. The question is whether this opportunity constitutes “property” made available to them “on account of” their old equity interest in violation of the absolute priority rule. A. The Exclusive Option to Acquire a New Equity Interest Constitutes Property Received “on Account of” the Old Equity Interest Buerk objects that the plan cannot qualify as “fair and equitable” because the right to acquire an interest in the reorganized debtor has f Whiting, 908 F.2d 1351, 1360 (7th Cir.1990) (<HOLDING>). A similar argument was equally unavailing to
holding that an option to purchase stock is property under section 1129b2bii holding that a company that sold an option to buy stock while secretly intending never to honor the option violates  10b and rule 10b5 holding that a purchase agreement for a foreign corporations stock is not subject to section 10b even if the closing occurred in the united states holding that there is no duty to override a plans mandate that company stock be offered as an investment option holding that granting an option to purchase constituted a trigger