InvestorsHub Logo

fredscott36

01/11/18 10:08 AM

#40584 RE: BBANBOB #40583

......entire settlement process is on course..............ITR dispute caused the delays, but we understand will be settled soon..............

.......and, if the FC to uwbi conversion amounts are set (unfortunately, that 1/150, total)...................our payouts are increasing along with the stock.......................

.......looks like about $2.80 per, +/-, assuming $400 p/s of frankie's hot and steaming packed fudge........(but our stock is actually worth $440 per, so we're ok)............

.......problem is GUY may have locked in a conversion amount in our "pre-packaged" BK...................looked good at the time...........

......would be some missing funds, however......$178.2mm in sale proceeds, $53mm to priority claimants.........leaving a balance of $125mm, BUT WE ARE ONLY GETTING ABOUT $80mm worth of fudge...............we might still get the $40mm, in cash, but very doubtful, imo............dudes who set up this deal are too shrewd.........................aimho......................