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Author: JJinLA Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 43  
Subject: Any opinions on valuation of GSBNZ? Date: 6/5/1998 4:02 PM
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This is sort of a dead board, but here goes. . .

It has been interesting watching the price of the litigation warrants basically drop since their issuance. Now selling at a hair over $5.

I seem to remember reading somewhere that the expected recovery from the litigation could be in 10-12 $ range per share of GSB stock (unsure on this), which may be high end. Also am not sure if more shares were issued since estimate.

Does anyone have any information on what current recovery is likely to be on this case? The warrant entitles holder to pro rata portion of 85% of recovery in suit. It would appear that the warrants are trading at a discount, either due to uncertainty over the recovery, or perhaps because of a belief that any recovery will be in the distant future. Of course, it could also be that GSB shareholders are dumping them because, like me, they are having trouble understanding their value. If this is the case, maybe they are a good buy?
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