i've seen the examples use 46% fwiw.. my calc -> Amount Recovered Litigation Expenses Taxes Entitled to % Adjusted Recovery 30day MA WM DIMEZ o/s Shares of WM DIMEZ value 969000000 50000000 445740000 0.85 402271000 45.27 112975597 0.078654502 3.560689305 969000000 30000000 445740000 0.85 419271000 45.27 112975597 0.081978447 3.711164279 and now the 30day of WM is 42.70 not 45.27 but it really doesn't make a difference in the end pps number