you are saying the price of the common - 3 bucks - already carries an assumption that the GOV will not pursue the bailout money? Interesting - although I disagree
do you think the 3 dollar price for common also assumes the warrants are illegal and will not dilute
that would leave us a market enterprise value of 3B which is near insane - unless you view the shaving of 10s of billions or 100 billion as the cost of the risk of being wiped out
?
assume F and F stay separate assume GOV does not take any money and throws warrants in garbage
what is the value of F at that point - with certainty that the GOV will not take them over or shut them down etc.
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