COOP needs to pass $600 PPS for your P’s to see one face value. !Only with hyperinflation!! Furthermore, the Court would never allow a speculative resolution to a Class 19 claim.
AAOC Plan 6 Trust then became the Retained Earnings of $20.7 Billion. Documented and Proven. -> now ~$2.5+ Billion.
AAOC Plan 6 Trust was part of the plan as informing the Court that the trust would satisfy the Creditors. And then some!!
Back when the hedge funds were still expecting to wipe out shareholders, the plan was to start the reorganized company (which would have been private) at $50 per share.
I forget how many shares were going to be outstanding but it would be interesting to compare the planned market value of that company, to COOP’s market value at $50/shr (~$3B).