what always seems to get lost, that imsc management took another 5 million in November for the completion of units for the L3 sale - which was granted by the judge AFAIK.
Also the lawyer costs need to be accounted. So in the best case this something from your 15-10 million left over minus (5 million + lawyer cost). Lets calculate this with one million for the lawyers and their consultant companies.
There are 4 - 9 Million left. Not 10-15.
Then account for that the new company (its chapter 11 not 7), whatever they call it now, is allowed to continue operations by the judge, if the business plan sounds reasonable to him - then these assets will not be sold, but will stay within the company.
So they will just keep these millions for the new company. Nothing left for you, John "Snow" ;).
In the worst case the share price will be zero, and this new company will issues new shares (as happened before in other cases) - we get 0 (nothing!)
Or we get the scraps recovered from the discount deal of the equity committee This is the only money which the new company probably cannot grab, the discount for the loan. But if we look at the history of equity committees, it is an 80% failure rate, where they do not recover any money (except their own costs for the laywers).
AI
