That leaves at least $60B to make up in two years.
If we have to raise $60B in 2 years by issuing shares, then everything is fine. Because the 2 companies together have a value of about 300 billion dollars when they are recapitalized. That corresponds to a conservative P/E ratio of 15. So all outstanding shares, with or without the 2 warrants, have a value of 240 billion dollars.
How many shares are outstanding? 1,8B With Warrants: 9B What is the value of the JPS? approx. 32B? What's PPS? In this case: 208B/9B = $23,11 Now you have your $20+