my range for common outcomes is $0-$15, with emphasis on the lower range.
I don't have a prediction, that's the point. THERE IS NO SECURITY.
i offer ranges of valuations, and i realize that it may be tough to understand that someone cannot just name a valuation... well, that's because the government is holding them underwater...
and i dont know the terms of the restructuring that will eventually transpire...
so, you're looking for a positive valuation because stocks only trade at positive prices when the current situation is they're being held underwater and at some point we're all basically expecting them to come back up for air, but the mechanics of coming up for air --- could flush the toilet on them to a lesser or a greater extent
don't look to me for estimates of value for common. go ask some crazy person who will lie to you and themselves that they have confidence in some high valuation. that person isn't me, but i'm also not the person who has confidence in lower valuations either.. i see no security so i see no point in even bothering..
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