Nota: Este email va para los que me preguntan sobre WAMPQ. Es una opinión más de las muchas que hay. No pretende influir pues visto lo visto a día de hoy las H podrian ser las ganadoras a Corto Plazo... con el beneplacito de TPS.
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Dear xxxxx
I hold only Ps and believe they are the best bet at the moment.
To me what the EC members now hold is immaterial. The POR as I see it is a done deal and will probably pass without problem.
There are many assets that we know of but I don't think we will see any of them. Our hope lies with Newco. This is where our value hopefully is. If we get a good BOD/management team, a strong business plan, then it comes down to execution of the plan. The value is in using the NOLs but you need income to use them. So the sooner we become an ongoing concern either alone, or through a M&A, the better for us.
The market obviously is very controlled and are keeping the pps rather stable because of the uncertainty that lies before us.
Equity will get nothing more than Newco. Other assets , when litigated, will go to higher classes in the creditor waterfall.
Is this the best we could get for equity? I say probably yes but that's my opinion.
If this gets dragged out for a longer period of time I say we get less and maybe nothing.
I feel sorry for those who hold only commons.
You may have to wait a year or two after reorg to recognize and meaningful value in your holdings. Again it depends on the success of Newco. You bought your Ps at a good price and if you don't want to wait too long you can sell some and still get a 5x return.
It all depends on the individuals own circumstances as to what they should, or could do.