The following are documented numbers PRIOR to fourth quarter report:
a. Total assets $3,325,100,000
b. Total debts (including debts listed in 2(c), below) $2,839,800,000
c. FNF stock purchase agreement: $282,000,000
Total assets a - b + c = $767,300,000
Number of outstanding shares: 15,471,000
Value of outstanding shares: $49.58/share
The following are documented numbers AFTER based upon the fourth quarter report:
"Total Shareholder Equity: $746,242,000" page 3 of 16
Number of outstanding shares: 15,471,000
Value of outstanding shares: $48.24/share
This does not include Centennial Bank with $80+M Equity.
We are expecting details on the Government addressing the toxic assets in the next two to three weeks.