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Tuesday, May 21, 2019 7:11:35 PM
So I think ballpark for legal representation would be in the $8-12 million range. Can we use our $FNMA shares as collateral?
Assuming $100 per share if Warrants aren't exercised (as per your calculations), then we would only need 80,000-120,000 shares of $FNMA to be put in escrow to be used as collateral.
I'm sure the lawyers will accept a Payment In Kind (PIK) similar to the original SPSPA.
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