One of the two things I want to find out is how they arrived at $1.5B USD; the other is GDR fees they were collected in Oct/13.
The GDRs are at 1:1 ratio (Mellon Bank Depository),the stock trades for R 0.18 on Bovespa at currant exch. rate, $0.08 USD. Even the currency arbitrage is in GDRs favor.
My take on How much the present Markets values OGXPY
Undervalued by todays market: Estimated val. minus Mrkt val.
Estimated value $1.5B - $213M = $1,286,174,000
Court EstimateValue/share $1.5B /3.23B sh = $0.464
$0.464 x 3.23B sh = $1,498,720,000 almost $1.5B
Ownership post restucture
15% of shares: 484,500,000shares to Common Shareholders. 85% of 3.23B = 2,745,500,000 shares to Debt holders (It is very likely there will be a Reverse Split under restructure and share reissued according to percentage of ownership.)
Present Market Cap: @ .0622 Total 3,230,000,000 x .0622 = $213,826,000
Common shareholders 15% 484,500,000 x .0662 = $32,073,900
Debt Holders 85% 2,745,500,000 x .0662 = $181,752,100
TOTAL_____________________________$213,826,000
The present Market Cap according to Yahoo finance is :