Your estimate seems in the ballpark adding in interest and attorneys' fees. The approximate 25 million settlement will probably be paid in installments. The company's cash position and expected cash flow should allow them to get by as a viable business. Any opinions on the Investec litigation?
They still appear very undervalued and this clarifies the largest uncertainty overhanging HWG. On the other hand questions about how the company is run remain.
Huh? What if there is a civil verdict for $150 mil.? What if the appeals court require a bond?
It appears to me that hwg owns one going concern that is in decline, has huge potential legal liabilities, and the chair is looking for ways to use the remaining assets (leveraged) to shoot craps with UBS--not to mention Gumbiner is milking the company for all its worth to support a lavish lifestyle at the expense of the shareholders.
Remember Dennis Kozlowski? How is this different? Maybe this stock needs to be $1--not $20?