If all of the remaining claims are disallowed there is $41.26 value [per unit] in securities. If all of the remaining claims are allowed then there is only $ 11.39 value in securities due. These amounts and based on the closing prices on friday
These trust units replace your bonds, nothing has changed. You should have recieved one unit for each $1,000 owed you. Now you can sell your remaining interest in the old GM estate if you want to. The price reflects the est. remaining return on our debt holdings. Give the market a few weeks to stablize on price, it should be higher. The current price reflects only the stock and wts. value that is held by the trust. It doesn't reflect the term loan value.
don't mean to be so dumb. I thought our conversion was bonds to stock. this is a curve ball for me and i have no idea why we get this or if we need to execute them in some way similar to warrants or why they should go up or down. I thought i knew everything and i am confused? What do we have here?