Thank you B. This is precisely the type of analysis I was hoping for!
Am I reading your numbers right? Based on 2x damages, after all debts and preferreds are paid ($11b) from WMI value of $52b, that would leave approximately $41b for settlement. Divide $41b/1.9 OS (Outstanding Shares), thus yielding a potential settlement pps of $21.58/share. Am I interpreting your numbers correctly??