if the valuation comes in low - it doesn't matter where the shareprice is - I think Northwest was close to 4 when their valuation came in below the magic number - but I may be off on that by a little. The only thing a low share price does is make it harder to get an EC - because the creditor committee can point to the market price and say - see the 'efficient' markets put very little faith in this solvency argument.
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