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Thread: F9 gets D.I.P. financing for Chapter 11 exit
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Old Jul 25, 2008, 4:59 pm
  #6  
TechBoy
 
Join Date: Feb 2003
Location: Washington, DC, USA
Posts: 739
Originally Posted by pierre mclopez
If I've figured right, that's over $3/share.
I think you've missed the point here. The existing shares will be worth nothing after the reorganization is complete.

The $100m will be the 79.9% of the capital of the new company after it exits bankruptcy. The remainder of the ownership would presumably go to other investors, management and employees.
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