Community Health Systems, Inc. (CYH)

[stock_revealer]

Based on the 8K from 10/29/2018
https://www.sec.gov/Archives/edgar/data/1108109/000119312518310632/d640688dex991.htm

As of
September 30,
2018
Legal and other related costs incurred to date

$ 36
Settlements paid

30
Settlements accrued based on final amounts

266
Estimated liability for unresolved contingencies

—






Costs incurred plus certain estimated liabilities for CVR-related matters

332
Allocated to:


CHS deductible of $18 million

(18 )
CHS co-insurance at 10%

(29 )






Recorded amounts that reduce CVR value after giving effect to deductible and co-insurance

$ 285






CVRs outstanding

265


========
So 318M reserve
https://www.nasdaqtrader.com/content/newsalerts/2014/infocircular/CYHHZCircular.pdf
$296M settlements ($266M + $30M paid already)
$36M Legal Fees
-$29.6 (CHS co-insurance 10%)

$296M-$29.6M = $266.4M Total Settlement

FINAL
$318M -$266.4M -$36M Legal Fees
= 15.6M Left Over / 264.544053 CVRs
= .0589

Good Luck to All

Small but at least it's something.
If it's zero then the RESERVE was overlooked and was not factored in because that's what's missing in the 8K!

It's a $318M starting point, not just -$18M and -$29M which makes the difference of $285M appear more than the $265M, thus it seems to be a zero payout.

"There are 264,544,053 CVRs outstanding as of the date hereof.
July 27, 2018
10-Q
https://www.sec.gov/Archives/edgar/data/1108109/000119312518229648/d497838d10q.htm


I'm holding for the .0589
Let the good times rollll.

Please do your own math and due diligence to come to an investment decision.