Jul. 1 at 6:48 AM
$MEHCQ I estimate our payout at
$5.81
This assumed debtors keep cash, restricted cash, and deferred cost of revenue (+51m) Gives us 356m before debt of 187m (113m of which is subject to compromise) and an estimated 10m of court costs. That leaves us with 159.5m split 27.4m ways would be
$5.81. Few variables could swing it one way or the other, it could be more if the 113m of debt thats subject to compromise gets setted for something like 60 cents on the dollar AND OR if the 49m in deferred revenue and 7m in lease liabilities that TTAM assumed outweighs the interim operational costs, severance, lawsuits, etc. Of course if the court costs are over 10m or the 3 month burn rate from March 31st was higher than 20m per month then we could get less. If I see this squeeze over
$7.25 I'll sell, otherwise I'll wait and collect the fat yield on loaned shares.
