GREY:NEVDQ - Post by User
Comment by
JoeStockIQon Sep 07, 2024 5:13pm
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Post# 36213358
RE:RE:RE:RE:RW - Docket 654 @ 1700hrs
RE:RE:RE:RE:RW - Docket 654 @ 1700hrsnofluff wrote: It is interesting that creditors are calling for 500 million. They get paid after dip loan, moelis commission and court costs.
One of the reasons for needing to see all bids is the varying parameters.
Tf, Germany bank and other lenders r on contract with ncu.
Once arrears are caught up, the loans are in place until break fees are paid. Some bids may pay the break fees. Others may just pay arrears and keep loans.
I am guessing the doc. Is 500 million u.s or 700 million cad. Plus 100 million chpt 11 costs plus 2% moelis commission. So about 1 billion cad total.
That should leave about 7 billion cad to divide between 1.4 billion shares or 5 dollars cad. Per share.
Guessing and hoping:))
Nf
More logically stated is thus: When the final sale price is announced in the range around $550M, common shareholders get nothing. The days of dreaming are quickly coming to an end. Sorry but that is the most realistic scenario.