Not true. They received item 1, 2 and slated to get 85% of item 3 on or about Jan 10th.
If you bought them in the final minutes of trading, for a .05 you were rewarded well. If your purchase price was over a .25 you lost.
• Provide the releases by February 29, 2012 and receive:
1. Pro Rata share of 8.77% of whatever percentage (if any) that Common Equity Interests get under the Plan. Common Equity Interests are currently slated to share 30% of Newco but this is subject to Court approval;
2. Pro Rata share of ($9.0 million less approximately $3.2 million) on account of the allowed Class 12 Claim; and
3. Pro Rata share of a Class 18 Subordinated Claim, up to $10 million, which is currently viewed to be out of the money. ( not now see below )
* * *
10,000,000 (DIMEQ class 18) * 85 % (Rosen’s number from the call ) = 8,500,000
8,000,000 / 94875597 ( Linda’s estimate of released *) = .0895910
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