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Re: thehavenots post# 55211

Thursday, 08/24/2006 9:38:09 PM

Thursday, August 24, 2006 9:38:09 PM

Post# of 169274
48, 62 on FHAL = 111M according to this?....

You more or less take it, at this phase I can give it to you. Option (c), what it does, is under reorganization, the financials of the corporation are newly incorporated. If you go to the link that I sent to, which is the IRS link, okay and you read down and it talks about assets, and the stock...the distribution of it...what happens is, is we take the new book value of the new consolidated corporation. 111 million outstanding shares. We have 48, 62 on FHAL. The combined totals are 111. What happens is, we take the new book value of the new, consolidated corporation. 111 Million outstanding shares. We have 48, 62 on FHAL. The combined totals of 111 divided into your number and that gives you your book value, $7.21. You take your $7.21 value, and you either start trading at your book, or you can go 2 to 3 times.

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