Where were you when we were batting it around a couple days ago? I finished up about $600 million for the settlement, with $200 million for the shares, and those other aholes have $400 million to fight over. Should be more than enough for them to divide up.
The global settlement would need to be at least $600 million for .10/share as outlined below:
Global settlement value: $600 million Attorney Fees (28%): $168 million $432 million Bentham (25% net of attorney fees) $108 million $324 million
CBV (50% remainder) $162 million UOIP (50% remainder) $162 million
$162 million/1.6 billion OS = .10125 PPS
In order to get to .15 you would need to be in the ball park of $900 million.
As discussed these sub $1 billion figures are very low ball when diving into the number of units and the rate per unit per month (at the very least .28/unit). Even $2 billion is pretty low. But for settlement sake, we can assume $1.5-2 billion in play. I think it is more likely we see closer to $2 billion than $1 billion with upside for much more if they take it to a verdict.
The sub $1 billion figures just seem silly to discuss in my own opinion. Once you get to the $2 billion range now your talking the .33+ PPS range.
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