I've read that currently held shares will be worth $15.50 divided between a new GGP stock ($10.50/share) and a new Howard Hughes stock ($5.00/share, though each new share supposedly will be valued around $50/share). Not bad for those who took a flyer on GGP at < $1.00/share. My questions are: 1) how many shares of each will we have when the dust settles? 2) is the $15.50 value per share a floor to its share price on the day of exiting bankruptcy? 3) What if, like today, the share price exceeds the $15.50 share price? Do we lose the additional value of each share? Thanks for your responses .....
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