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Ummm... The asset sale (which is basically everything

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420man Member Level  Thursday, 03/07/19 03:32:34 PM
Re: A deleted message
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Ummm... The asset sale (which is basically everything SGYP has of real value) for $190M to Bausch leaves roughly 11M after liabilities/debts are paid. A good portion of the remaining 11M will be used for BK lawyers and severance packages going forward. What's left of that "may" be disbursed among the Commons...if at all. I'd say they end up with possible $8M in cash after all the dust settles and the the BK judge awards the current OS holders the remainder, which "could" be around .03, but doubtful. JMO

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