Sorry - I meant $ 888,000 (thousand) in additional legal fees to the $ 3.2 M - so in total $ 4.1 M in legal fees
It may very well be that in the future the Newco stock will be worth more but for now I am basing the recovery for the LTWs on the 8.77 % of the 25 % of the $ 190 M.
I agree with your estimation of - .05 + .037 = .087