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Alias Born 07/16/2013

Re: tpip11 post# 2580

Thursday, 08/08/2013 2:25:32 PM

Thursday, August 08, 2013 2:25:32 PM

Post# of 2919
That's not a simple question. You have to evaluate whether you are willing to take the risk that the sale of assets will net a return to the equity holders > 15 cents. The interests of the secured and unsecured creditors take priority over equity, and if you make what I believe to be a reasonable assumption that the sale of the US assets will satisfy all valid creditors claims, then the proceeds from the sale(s) of the China assets is approximately what will be left for shareholders. There are about 64 millions shares outstanding, so do the math and place your bet accordingly- or take 15 cents.
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