a) Which assumes they own 100% of TERP. The only own 40% of TERP
b) Which assumes they own 100% of GLBL. They only own about 35% of GLBL
c) Includes over $2 Billion of WORTHLESS goodwill and intangibles
d) There is no "premium". You can simply look at the India assets, what NRG is paying and other transactions and you can see they are getting almost nothing for the devco.
Factoring all of that in the equity is wiped out and then some. Even the judge says it. Math says it.
You think professional distressed credit managers and hedge funds that do this for a living wouldn't see this? The senior bonds trade for 6.6 cents on the dollar.
You didn't listen at $0.20. You didn't listen at $0.10. You won't listen at $0.05. I'm not sure you will listen even WHEN it hits zero, and is cancelled.