A price of nine cents and outstanding of 1.7 mil makes the wamuq portion of the newco valued at 153 mil. Equity is 30% so the whole new wmi is being valued at about 500 million based on the wamu price.
I could do the same thing with the prfd's I guess but I'm lazy.
Right? Will this have a 500 million dollar market cap? I don't know anything about it but that seems too high.