EXPM:HRTFF - Post by User
Comment by
cynic7206on Sep 16, 2021 1:10pm
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Post# 33871461
RE:RE:RE:How much??
RE:RE:RE:How much??Specific,
Someone will buy Harte or Appian needs to refund it. If they let it go into bankruptcy it would still go to auction but Appian loses control of the situation and may not get all their money out.
IMO they will get somewhere between $250 and $500M. On change of control the debtor will convert debt to shares to maximize their return. With the debtor converting there should at least 2.5 billion shares.
So my best guess is they should get somewhere between 15 and 20 cents a share at 2.5 billion shares - but probably on the lower side.