tag:blogger.com,1999:blog-6321089372587128676.post1943486578562931296..comments2010-02-10T10:52:48.873-05:00Hunternoreply@blogger.comBlogger7125tag:blogger.com,1999:blog-6321089372587128676.post-89918188525841199952010-02-10T10:52:48.873-05:002010-02-10T10:52:48.873-05:00Couple questions:<br /><br />- Where did you get the 15 million shares outstanding in coming up with a price per share?<br /><br />- I assume the Senior Unsecured Notes are being extinguished and just given equity? Or will they be repaid in full?<br /><br />- Don&#39;t you need to adjust the price per share based on whether you buy the Rights Offering or are one of the Other GUC holders? I believe your analysis said that the people subscribing to the Rights Offering will own 70% of the post-reorg equity.<br /><br />- Also, it says that you&#39;re subscribing to the rights offering at $10.40 per share. How did you arrive at that number?<br /><br />I&#39;m just trying to understand the analysis and dynamics. Thanks very much!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-80725372747401747562010-01-16T23:14:55.683-05:002010-01-16T23:14:55.683-05:00So this is the plan subject to discussions with the Official Equity Committee. I&#39;m guessing those discussions won&#39;t go very well. Just a guess.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-16340638558439686122010-01-07T18:21:54.611-05:002010-01-07T18:21:54.611-05:00I&#39;m confused as to why cash is included in the estate value to get to the 880.2 mm, and then also added again to 880.2 to arrive at implied equity value? I may be wrong but aren&#39;t we double counting here. By the way, I really enjoy the blog, Hunter, and look forward to reading it every week. Thank youAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-90329637739190144962010-01-04T09:59:27.450-05:002010-01-04T09:59:27.450-05:00Can someone explain to me why the other cash payments(e.g. admin expenses &amp; break up fees) don&#39;t get subtracted out of &quot;Estate Value&quot; in the post reorg capitalization chart to get to <br />Implied Equity Value.&quot; We are subtracting the EPA cash payment, so why not the other cash payments? Thanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-83137130994375253732010-01-02T23:07:15.869-05:002010-01-02T23:07:15.869-05:00This can safe US economyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-65698717271888836732010-01-02T18:23:04.931-05:002010-01-02T18:23:04.931-05:00You should be able to see them now...Hunterhttp://www.distressed-debt-investing.comnoreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-16670283765299539372010-01-02T18:09:41.859-05:002010-01-02T18:09:41.859-05:00Hunter-- I don&#39;t think the maximize image function is working for the picture at the bottom. Would love to be able to read it. Otherwise great post.Anonymousnoreply@blogger.com