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"If possible and if we had to raise all the bond money and arbitration fees by diluting shares we would need approx $125 million. If you divide that by current price .15 we would end up with an additional 833,333,333 shares for a total outstanding shares of 1,175,333,333 shares. A two billion dollar settlement would net $1.70 per share. A three billion dollar settlement would bring $2.55 per share. If the numbers are correct I will wait three years for that."
Brundoggie,
Your calculation implies the number of effective outstanding shares is dependant on the current share price. Is that right?
I'm assuming I'm missing something since it doesn't appear strange to anyone else here.
I'm under the impression that the calculation is:
(Settlement$-Bond$-ArbFee$)/#OutstandingShares
Which from a $2Billion settlement would give me around $5/share.
Respectfully,
WW