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Tuesday, June 30, 2015 1:44:11 PM
The low end of the stock price should be $0.81, not $0.66.
I made a mistake on the forulma for the low end stock price with the 90% x 90% x 90%.
5: Each of the three steps to go in the progression through the court has an expected rate of success of 90%, so multiple the dollar range by 90% x 90% x 90% and you get an expected dollar range of $89 million to $268 million.
With 110 million shares outstanding the present value of the shares today would be in the range of $0.81 to $2.44.
Louis J. Desy Jr.
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