Saturday, December 29, 2012 9:33:11 AM
PV did indicate he could get them to settle for half the $3m owed to them. This makes sense since a Ch7 BK would just get them $500k.
900m/3300= 272k AIGI shares= $1.5m
IF the CR was too high the NHs wouldn't have gone for it.
This CR of 3300 is realistic because it also keeps the AIGI SHs dilusion to only 40% of the key $5m amount. The core reason of doing a RM instead of a standard IPO.
1.2b/3300= 360k= $2m
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