I am somewhat skeptically open to as much as $26.2B in available assets based on the FDIC document in post 518718.
The argument can be made that the FDIC withheld these WMB assets from JPM for the benefit of the Receivership.
Even with this being the case the FDIC owes a WMB Bond debt of $13.8B which will have to be paid from those assets.
That potentially leaves ~$12.4B remaining to be distributed to Equity which is relatively close to my max estimate of $10B.
Conversely, the documented figures could actually represent the depreciated value of the assets transferred to JPM.
At this point it's all pure speculation!!!
25.2 Cancellation of Common Equity Interests:.., on the Effective Date, ALL Common Equity Interests shall be deemed extinguished and the certificates and ALL other documents shall be deemed cancelled.