EI thanks for your insight again ....
A few question for the board:
1) we common shareholders (class 5) will take 16%/20% of the new issued shares. That said why they said class 5 will receive an estimated recovery of 0,19 to 0,24 per share?
2) 210/GS will have 49% of the co. (As they did in PIOE) paying $17,5mm for approx 725.812 (or 907,265) that means they are paying $24 (or $19) per share. Is that correct?
Combining the two questions, the answer could be that the estimated recovery for us (0,19 to 0,24) is not R/S split adjusted (1:1000).