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Civil War General

03/05/19 11:07 AM

#562252 RE: LuckyPanda #562249

The classes were split because commons only got a fraction of stock for each share, Ks got about 1 and Ps got about 20.
There were lots of common shares, but overall, only the released shares totals were split 75/25
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boarddork

03/05/19 11:37 AM

#562262 RE: LuckyPanda #562249

Pretty sound reasoning if you ask me!
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goodietime

03/05/19 12:00 PM

#562274 RE: LuckyPanda #562249

"If she truly wanted to split everything 75/25, including bankruptcy remote assets, then she would have assigned one escrow class for both commons and preferred, and split the number of markers of that one class 75/25 between commons and preferred. That way, there is no distinguishing between commons and preferred post POR7 - you will get your 75/25 based on how many markers of the one common escrow class you owned."

LP, If I have 500P's and 60,000 U's, how would my 'one class' be determined?

As of now, if 10b comes back, I get 500x 1,000 =500,000 and 60,000x aprox 2.00 = 120,000. my total would be 620,000.

How would your theory pay this out?

Thank you.