Civi, there is no guarantee VZ will settle but as mentioned before the last ruling with Exon was by a different court.
I guess VZ will make now have to re-evaluate our position. I'm sure they hoped we were going bankrupt and wouldn't have to deal with us. This didn't happen and they must also now know we are quite capable of seeing our case through to the end.
VZ historically has settled after delaying as long as possible with the big cases. Considering what we are asking I don't see VZ offering a couple hundred thousand. I believe the track record that was posted long ago was costs or up to double costs. Currently costs are between $500 and $600 million. Double would be up to $1.2 billion. Even at the bottom price of $600 million we would get about .55 a share based on owing $200 million in debt when were done and having 400 million shares. A $1.2 billion settlement gets us over $1.00 even paying taxes on the amount over our write down.
We can speculate on how much but the bottom line is we are now clear to go the distance. 2 of the arbitrators on our panel are well verses on loss of profits which works in our favour to up the amount being claimed. The question is will VZ see the predictable out come and reach a settlement with us before the hearing next year. If their lawyers are smart they will but maybe they are using the same firm as the noteholders and they will get the same fate.
JJ
