Friday, January 05, 2018 1:22:37 AM
I am no expert but i will give you my conservative opinion
1: Use AIG as a template and they will give you 55% of the shares you own in the new corp IPO. their 4.8b in warrants will also be reduced to 2.4b and we will have a share price in the 30's.
2: yes
3: this could happen this month, once we hear the proposal from senate finance (crooked corker) the PPS will likly shoot up if I am correct. However if they reccommend commons being wiped out.....of course all shares will be worthless. 2 big reasons why the zero scenario will not happen is (a) the warrants is the govt money and they want it (b) when HERA went into place they elected to keep the common shares out there for a reason. *if you bought after 2008 you will have a legal case to sue the govt. If they intended on wiping out common shares they should have never let them be traded from day one.
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