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Re: NASCOW post# 5558

Tuesday, 01/03/2012 3:53:21 PM

Tuesday, January 03, 2012 3:53:21 PM

Post# of 8307
You left off the last paragraph from your link...

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Conclusion - And most importantly, bottom-lining it:

The max upside in this case for DIMEQ that would result from being classified as a Class 12 GUC claimant or an equitable lienholder is about $3.00 per LTW (versus today ~ 65 cents) before post-petition interest if the full $337 million reserve goes to the LTW Holders. If the federal judgment rate is applied to that award for 3.5 years it moves the recovery up to about $3.20. On the downside, if DIMEQ is deemed to be Equity and if the Debtor prevails in applying the improper conversion rate then the worst scenario based on Plan value would put the DIMEQ security between $0.07 and $0.10.
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At this moment, dimeq is trading at .085, exactly in the middle of his .07 to .10 estimate. Damn, he's good. And I should add he wrote the above article on 12/14/11.

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