So in trying to value what the market thinks you have these three plans.
Legendary - $.23/share Debtor plan - $.25/share Charleston/Heartland Plan - $.35/share for 55% ; what is the value of the other 45%.
If you assume the note in the legendary text you will get a value of $.21. A weighted average of 55% * .35 + 45% * .21 = put you right at $.28 or where we sit today.
So effectively the market thinks the Charleston plan is the best but its fairly valued right now @ $.28.
Thoughts comments. I was hoping for an arbitrage @ $.35 for 100% of my shares but I am not sure.
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