That comment was from one of the trust attorneys who has to cover himself when speaking to random people who call asking for information. He's not going to make any promises or raise expectations.
With that in mind he was probably drawing out a worse case scenario which had the trust recovering just enough to make Class A whole. If that's the worst case for us Class B, I feel very good that we'll end up with some kind of recovery before this is over. It would only take $10 million for us to split to put me back in the black (pre-Q and post-Q losses combined). I feel like that would be enough for most of us to at least break even.
I still can't help but think it's got to shake out around $1.75/sh or more. That was the SP when the trade facility deal was struck end of summer 2018 and Mercuria got their 30% shares. And Tyler Barron and other insiders bought in at that level or higher previously. That would require $92 million in the pot for us. Which seems very possible if Class A only needs $300 million and our litigation targets are sitting on $billions$.
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