Dynegy Inc fka DYN

[Enterprising Investor]

Lightspeed ROI might take five years.

Current stockholders will receive one percent of the stock plus warrants. The warrants can exercised prior to the fifth anniversary of the Effective Date, shares of Reorganized Dynegy Common Stock equal to the aggregate of 13.5% multiplied by the sum of the Class 3 Stock Pool and Settlement Stock Pool, for an exercise price determined based on a net equity value of Reorganized Dynegy of $4 billion subject to customary anti-dilution adjustments.

It is not uncommon for equity to be valued higher by the market upon exiting Chapter 11 than was projected in the plan. Zimmerman must believe this will occur in the DYN case. As a bondholder, I hope so.

What is not known is if Lighspeed also has a stake in DYN bonds?