It is correct go but I still believe it is too soon to know, and of course we dont know, or at least I dont, the market value at which newco shares will start trading.
All the best
"In 2004, Dimon set a goal for JPMC to acquire the Washington
Mutual banking franchise and geographic market by any means
necessary. In the months and years that followed, JPMC developed
and executed an unlawful scheme designed to achieve this end"