Billy's own waterfall was simply an example, therefore I think we can rule that number and it's range out safely. Not to mention, we still don't know how accurate the presented waterfall information was in that filing as it has already been determined that Deidre was fabricating information.
I'm not being hostile towards your opinion if that is how it is being taken, only curious as the number would be considered low ball in any reasonable discussion regarding the damages measured by our valuation experts. The $700 million range would be a very drastic discount in reference to even the low range of the valuation expert's final range. However, I do no argue against your point that Carter is and has been in big trouble financially which could have steered his decision making towards a huge discount. Not to mention, I think the lawyers on the other side are a lot more intelligent than we normally give them credit for here and probably were aware of his financial position. One argument against this way of thinking is that the case did go all the way to trial which to me is reason to be optimistic that it was not a low ball settlement value. It almost went to decision before the MSOs decided to back down at the very last minute.
We will see where it ends up but I would not be totally caught by surprise if the settlement is something below the $1 billion mark. I would however be very surprised to hear anything less than your $700 million mark.
It is also clear that this was the intended outcome for both Deidre and Carter alike from the beginning. I think they have been caught by surprise with the amount of fight our group has in them. I think they banked on a common group of penny shareholders just walking away from it. Long fight left to go, let's see if they both risk themselves prison time for the nonsense they are engaging in.
