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vpagano

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vpagano

Re: Enterprising Investor post# 198

Friday, 08/22/2014 10:43:41 AM

Friday, August 22, 2014 10:43:41 AM

Post# of 386
Thinking out loud on the math to make us whole using 30% lawyer fees (per note):

$878.12 to make whole -
~$75 in assets via MOR -
~$52 post-lawyer fees via Barclays -
~$40 via Goldman (25%ish recovery and 30% fees)
$711.12

$711.12 * 300K notes = $213,336,000

x= recovery amount
x - 30%x = $213,336,000

x = $304,765,714

$304,765,714 / $1,900,000,000 = 16% recovery via JPM needed

If they can get anything meaningful, I say pay 'em as it will benefit us nicely.

-Pagz

Twitter: @VincePagano

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