How is that?
$3.8-4 billion to market ...
$140 DWAC to $13 DWAC = $127 X 32,000,000 DWAC = 4.06 billion
Let me take the $250,000,000.00 SEC complaint out. $3.81 Billion
Right on the money... $3.81 billion for an "equity stake without a position"
Position across the POND ... 59 million on Buy/Sell Target. 32 million DWAC @ Delaware. DWACW doesn't join until later. I'll assume. 30 billion/ 3000:1 doesn't join until later either.
32 million DWAC + 59 million Target = 91 million SS / into $4.06 billion = $45
31m DWACW + 32m DWAC + 59m + 10m = 132 million - 32 million DWAC Naked Shorts = 100 million SS
Chasing peanuts with these guys...hard to say that they even did anything wrong...Though someone did write a 10.8 trillion check in 2010.
BTW they F'up on the fuzzy math...