Well, I had some time to go over the WM 8-K and associated Warrant Agreement and I've tried to go through the very informative posts on this board. I have a few points I would appreciate any answers, confirmations, or comments on:
1. If I read the 8K correctly, expectancy damages asked for are $969M calculated one way and/or $200M (+$11M "wounded bank") calculated another way. Reliance damages asked for are $329M. If we get an award, it'll be expectancy or reliance, but not both?
2. In message 384 rud56789 previously posted a further breakdown of our damages:
"Summary of Plaintiff’s Expectancy Damages Claim (numbers in millions)
a. RFC pre-tax earnings, March 1990 to September 1997 $328.9
b. Purchase price of NAMCO $351
c. Less: sale price of RFC ($92.8)
d. Replacement value of branches sold $169.6
e. Less: actual sales prices of branches ($49.3)
f. Reduced proceeds from 1993 stock offering $42
g. 40% gross-up adjustment on lines b, c, and f $220
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Total: $969.4"
Does anyone know how this was known? Is this from some publically available document?
3. The trial that ended in 2005 was just to determine expectancy damages. Previously, the court already ruled that there was a breach of contract by the gov for the assisted mergers. Correct?
4. The Court apparently asked both sides for additional info in June. Does anyone know how one can access it? Can it help us get an idea of when or what an award might be?
5. Aside from the Claims Court website and WM's filings, are there any other places to get information about the lawsuit including the pleadings and other court documents, or the papers asked by the court from both sides in june? I could find them on Pacer or the Claims Court pay-for website.
Thanks. It seems to me like we have a good risk-adjusted investment opportunity here. I've been trying to accumulate dips, knowing full well they could become worthless or become a 10-20 bagger.
