baffle them with....Le Brothers Fancais have really come up with a good one. Even a few hours after the NR, nobody can quite figure out what it means.
Here is my take. A seven year purchase warrant at a strike price that values the company at $2-$2.5 B today. Warrant to share ratio of about 14 would be $1.40 purchase warant at a strike price about 20% above the initial price.
I don't own any shares - but to me, the warrants are worth more than $1.4.
That said - you gotta wonder. Someone could have pruchased the company for $2.5B total (paid the debt with penalties and all the common at $1.00) and owned it outright - so seems like no-one else valued the company at $2.5B