The 5% to existing stock holders is likely a pipe dream. I have never seen a BK company give anything to bagholders. I am one so I am expecting zip. Lucky it wasn't huge amount of my portfolio. But interesting ride.
Heh Thinker...did you happen to think this is NOT ABIO but the USEC message board. Go take a trip in reverse out of your asshl.
If company issues new stocks in reorg and say they raise $3 Billion and hits a home run for the $2B LG. then 5% of 3 billion would be 150million divided by the 5 million share of holders, would be $30/share. Wild idea but who knows what the value will be when reorg and refunding will be? Also the ACP technology, infrastructure customer basis, certainly have value. So USU is like you said not an ordinary product or company. However BK is BK so robey743 could also be more right. It is down so much now that IDM.
Good discussion king. But we do not know what business is valued at? So yeah financials all point to $200m...but we really don't know valuation at BK. So 5% of what is really an unknown.
King...your are likely correct. Just a what if comment for discussion...see Sponge's note. Plus USU does have a business w income? What is that valued at?
Todays resolve with NLY stock up and market dumping shows some real strength. Also Technical Chart is one of the few showing nice support and positive trend. If market holds a bit, I would expect NLY to go up 10%++ in next few days.
I Learn something everyday... smarmy - unpleasantly and excessively suave or ingratiating in manner or speech; "buttery praise"; "gave him a fulsome introduction"; "an oily sycophantic press agent"; "oleaginous hypocrisy"; "smarmy self-importance"; "the unctuous Uriah Heep"; "soapy compliments"
buttery, fulsome, oleaginous, unctuous, soapy, oily
insincere - lacking sincerity; "a charming but thoroughly insincere woman"; "their praise was extravagant and insincere" Consider this a NON smarmy notice. I've been gaming this dream for over 5 years. Reality is USEC is going BK. May recover but not this year. T
TOKYO — The government of Prime Minister Shinzo Abe made its biggest push yet to revive Japan’s nuclear energy program on Tuesday, announcing details of a draft plan that designates atomic power as an important long-term electricity source.
The new Basic Energy Plan, which states that Japan will push to restart reactors that were closed after the disaster in 2011 at the Fukushima Daiichi nuclear power plant, overturns a promise made by a previous government to phase out the country’s nuclear reactors. The plan also leaves open the possibility of building new plants as well as restarting existing ones.