SHartwell

Will Thornburg's New Scheme Avert Bankruptcy?

Sorry, but in my opinion your current shares of TMA aren't worth much.

According to the press release, current shareholders will own a scant 5.5% of the new company's common (post the issue of around 1.5 billion new shares at $0.01 per share).

So even if the company goes back to its "old" value of $14.00 per share, the value of YOUR stock is $14.00 * 0.055 = $0.77 per share. And this is if everything goes absolutely great.

In light of this I'm very curious as to why people are presently paying $1.45 per share. I just can't do the math to get there...