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Re: LuckyPanda post# 554938

Sunday, 01/13/2019 7:28:46 PM

Sunday, January 13, 2019 7:28:46 PM

Post# of 732982
LP, here are the figures that came from SG's Edgar Sargent.

The following are figures from SG’s Edgar Sargent concerning investors who signed timely releases. The math formula that treated former preferred WAMKQ ($25.00 Face Value) and preferred $1,000.00 Face Value) as one preferred under the 75/25 math formula and of course common stock never has a Face Value.
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142,500,000 (75% of 190,000,000) are distributed to holders of preferred securities as well as claims subordinated to the level of preferred. Total disputed claims at the preferred level are $106,514,585.09. For those claims, 2,109,051 shares are reserved. The remaining 140,390,949 are distributed evenly by liquidation preference across the $7.5 billion of preferred shares. However, while the TPS are denominated in 1,000s, the Series K has a face amount per share of $25.

For the TPS, 3,729,658.260 shares provided releases and will receive 73,849,406 shares or 19.80058 new shares per old share. This share count is after giving effect to the mandatory exchange.

For Series R, 2,906,421 shares provided releases and will receive 57,548,829 or 19.8005825 new shares per old share.

For Series K, 18,166,565 shares provided releases and will receive 8,992,714 shares or 0.4950146 new shares per old share.

For the common shareholders, they are receiving 47,500,000 shares of which 4,165,750 shares go to the Dime Warrant holders, 2,631,933 shares are reserved for disputed equity claims, 693,806 shares will be distributed to Principal Financial on account of their claims and existing common will get 40,008,511 shares.

For each share of existing common granting releases in the total amount of 1,194,340,178 shares, they will receive 0.03349842 shares.

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