The number right now is 17.7333 newco shares per P. I strongly doubt that it will be less than that, but there several factors that could make it more than that. Most likely, not everyone submits their releases in time. My guess is that that alone bumps us to maybe 19.
Some responded "nobody knows". True, but there is a reasonable range that one can establish if they have a calculator and a decent understanding of the potential variables. Also, the judge could increase the % of newco shares going to class 19.
Right now, my range is 17.7333 as a bottom and 25 as a top (and the top is really an extreme). Realistically, I think 18.5-19.5 will be the number.
Any legal analysis I post may not be relied upon by anyone for any
purpose. If you want legal advice you can rely on, hire a lawyer.
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