Current Assets was valued at 1200 mil in June 08, assuming that the value dropped 20%, 1200 x 0.8 = 960 mil
Administrator cost of 100 mil, 960 - 100 = 860
Current Debt is 700 mil, 860 – 700 = 160 mil
There is currently 3.5 mil notes outstanding, hence each note should get around $45 each.. and they were sold for $5 each on Friday. Regardless, there is no residual left for shareholders. However noteholders are safe if indeed allco has been liquidated.
Current Assets was valued at 1200 mil in June 08, assuming that...
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$1.43 |
Change
0.040(2.89%) |
Mkt cap ! $385.8M | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.43 | $1.38 | $1.476M | 1.056M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 9093 | $1.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.43 | 1180 | 1 |
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