Plan Item: 1) $10M cash dist -- I calc about $5 per $1000 face 2) 16.5% New Common -- value ??? 3) Rights -- Do you know the details? 4a) Warrants for 12.5% New Common -- value ?? 4b) Warrants for 5% New Common -- value ?? 5) New Building Note Proceeds -- value ??
If I read this correctly, unsecured bonds will get cash from (1) and (5) and 34% of the New Common Stock and the rights to purchase more at a discount.