Outstanding Shares 41,221,512 as of Aug 31, 2007 Number of Share Holders of Record 6,846 as of Jun 29, 2007
"Existing Bally shareholders and holders of certain equity-related claims will receive an aggregate distribution of $16.5 million as soon as practicable after the Company can determine the maximum amount of the equity-related claims"
$16M/41M ~ $.40 Price as of 3 Jan $.165 142% GAIN to 40 cents 81% GAIN to 30 cents
It took me over a month but I finally talked to someone at Kurtzman Carson Consultants regarding when Bally's will go private. There is no certain timeframe due to ongoing negotiations with debtors. However, Allison could say that the payout to existing shareholders will be between .30 - .40!
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