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Post# of 729971
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acountmakr

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acountmakr

Re: Bizreader post# 167313

Wednesday, 03/10/2010 8:06:17 PM

Wednesday, March 10, 2010 8:06:17 PM

Post# of 729971
You're right. There is a common conclusion that when people buy stock, there are more shares outstanding. The stock price doesn't matter whether or not Q's get $0.25 or $12 a share. If the share price went to to $15 and we get liquidated for $12, then we lose money. I'm hoping for a settlement of over $4billion. With my fuzzy math, that means Qs will get approx $1.80 a share. I'd pay off my house.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=45043407

If $800mil is needed to cover bonds and preferreds, then a $4bil settlement above the depository accounts will give $3.2bil to commons.

$3.2bil / 1.7bil shares outstanding = $1.88 per share.
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