Ah yes the Chevy Volt haha not my style for a ride though.
Okay guys, see if you can fill in a few blanks for me.
Since we are in line w/ the Granite case, how can their settlement be higher than our recovery? As in, how can we decide on a value with them first without knowing what % we could get for the book of business? Do I have something backwards here?
I would think it would go like this...with $12 MM net book, sell it for .75X book and you get $9 MM, $4.5 MM then goes to Granite and $4.5 to us (Theoretical numbers of course)
Otherwise, if the Granite amount is settled, where else would the money for it come from if the book hasn't been sold yet?
I guess I'm wondering why you would wait to buy trust pfd's after the settlement if Granite is capped on what they can receive. Maybe I just answered my own question though haha.
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