VTGDF pps projection: $0.285 ... Food for thought:
+17milly, accounts receivable
-25milly, 5.5% unsecured convertible note due 2043
-71milly, F3 capital unsecured F3 capital lawsuit
+168.34milly, enterprise value: 13.1% of VDI worth (as of June 17, 2016) $1,285milly
Equals $89.34milly
Which is $136.37 per VDI share (5mil AS)
Which is $0.285 per VTGDF share (313mil AS)
Assumptions: Ignored any interest owing VTGDF, ignored new drilling contracts that increase revs, ignored $1,000,000,000 Petrobas lawnsuit over illegal killing of drilling contract, assumed Mr Su wins $71mil free and clear, assumed unsecured note gets fully converted to shares, no stapled notes are converted to common shares, no legal fees owing,...
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