You're numbers look to be right on the mark in terms of the "precieved value". This is right in the zone we thought a deal would be worth to begin with. ($6 - $7M)
I'm pleased to see that 70%+ of the creditors have agreed to a plan as of November 11th, and I'm sure the rest will fall in line shortly...
The market reaction we are waiting for will probably occur the day the "deal is finalized". The reaction shouldn't be interpreted as the "end", but only as the beginning of what may become a very huge investment opprotunity long term.
Not sure why FVRL is still in a "holding pattern", but I'm not too concerned.
The fact is this... They aren't going BK, and this is the main gamble we were taking to begin with.