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Post# of 796985
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The Man With No Name

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The Man With No Name

Re: kthomp19 post# 687005

Wednesday, 06/30/2021 1:32:11 AM

Wednesday, June 30, 2021 1:32:11 AM

Post# of 796985
You're right, for all intents and purposes, this is a bankruptcy.

Therefore, it would be prudent to determine the Enterprise Value of the company now.....so as to see where the waterfall takes us.

It's going to take a 9-10X multiple to get the junior preferreds in the money, imo.

And at make whole for the junior preferreds (face, not face plus interest because it ain't gonna happen) 79.9% will go to the government.
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