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Thursday, January 23, 2020 8:15:50 AM
If one believes the 75/25 from the POR7 will be applied in the future, then they would be 8.77% of the 25% I would guess.
1 Billion (example returned to equity) * 25% = 250,000,000 * 8.77% = 21,925,000
21,925,000 / 59156230 ( released (10MM x .82% recovery / amount of last dimeq payment))= .370628 cents per released dimeq per billion returned to equity.
*** of particular note is the DIMEQ markers were canceled years ago. So what does that tell you ???
DIMEQ
• Provide the releases by February 29, 2012 and receive:
1. Pro Rata share of 8.77% of whatever percentage (if any) that Common Equity Interests get under the Plan. Common Equity Interests are currently slated to share 30% of Newco but this is subject to Court approval;
2. Pro Rata share of ($9.0 million less approximately $3.2 million) on account of the allowed Class 12 Claim; and
3. Pro Rata share of a Class 18 Subordinated Claim, up to $10 million,
* * *
10,000,000 (DIMEQ class 18) * 82 % (Rosen’s number from the call ) = 8,200,000
0.138616 (payment)
8,200,000 / 0.138616 (payment) = 59156230 Released
1 Billion (example) * 25% = 250,000,000 * 8.77% = 21,925,000
21,925,000 / 59156230 = .370628 cents per released dimeq per billion returned to equity.
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