"Secured claims will be repaid in full and general unsecured claims will get an 8.5 percent to 13.2 percent recovery, according to the disclosure statement,"
The plan still requires court approval, and Ambac seeks a hearing Dec. 8 to have it confirmed.
With the direction of the recent developments that have been un-folding....Add that to the valuation set at 750 million.....You are here early!!!
And if you are technical 200 DAY SMA break and close above it!!! Google that and see what comes back ;-)
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