Hey ScotC,
This is a good summary of the discussions that have gone on before this.
The passages that you have culled from the 8-ks are precisely the passages in the warrant agreement that we have all discussed over the months and (for some of us) years. I think that many of the board members here can almost cite the Article IV "Combinations" verbatim in our sleep at this point.
Also, if you look back over the last month of posts, you will find that the values of the LTWs that you have indicated (between $2.20 - $2.60) are precisely the values that others here have come up with.
Thus, thanks for summarizing the information in one place and its good to get confirmation of previous analyses and the current one that you posit here.
Perhaps we should make this post a sticky or part of the ibox, Db, what do you think?
The most interesting piece of new analysis that you have brought is the earlier post about the Qualified Financial Contract (QFC) and FDIC from a few posts ago. If indeed, this falls under the QFC heading and the FDIC has missed the window to renege on the litigation warrant agreement, then that is just one more nail in the coffin for those who would try to illegitimately deny the warrant holders their due.
Again, nice work and thanks for summarizing a lot of information into a single post.
Best,
Jared
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