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StockItOut

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StockItOut

Re: Imagineer66 post# 1112

Friday, 09/02/2016 10:06:10 PM

Friday, September 02, 2016 10:06:10 PM

Post# of 1227
Looks like $150 per share is equivalent to bond face value.
5,416,667 shares total. Subject to mngt incentive plan dilution.
90% from unsecured = 4,875,000 shares is the unsecureds
Unsecureds' face value equity therefore is these shares X $150 = $731,250,000.
Value of company commons' ownership at bond face value is equivalent to $812,500,050.
Do we get face, or in the face?

Is it logical mngt would shoot to resolve with BK reorganization at par for equity holders?
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