Use access key #2 to skip to page content.

AIG Valuation Part II

Recs

4

December 17, 2010 – Comments (2) | RELATED TICKERS: AIG

Decided to do some digging....this is what I came up with!  WARNING the below may be quite shocking for existing and prospective AIG shareholders!

Exchange of Series C, E and F Preferred Stock for AIG Common Stock: At the Closing, (i) the shares of the Series C Perpetual, Convertible, Participating Preferred Stock, par value $5.00 per share (Series C Preferred Stock), held by the Trust will be exchanged for approximately 562.9 million shares of AIG Common Stock, which will simultaneously be distributed to the Department of the Treasury; (ii) the shares of the Series E Fixed Rate Non-Cumulative Perpetual Preferred Stock, par value $5.00 per share (Series E Preferred Stock) held by the Department of the Treasury will be exchanged for approximately 924.5 million shares of AIG Common Stock; and (iii) the shares of the Series F Preferred Stock held by the Department of the Treasury will be exchanged for (a) the Transferred SPV Preferred Interests (as described above), (b) newly issued shares of the Series G Preferred Stock and (c) approximately 167.6 million shares of AIG Common Stock. After completing the Recapitalization, the Department of the Treasury will hold approximately 1.655 billion shares of newly issued AIG Common Stock, representing ownership of approximately 92.1 percent of the AIG Common Stock that will be outstanding as of the Closing.

Currrently latest 10Q AIG has approximately 136 Million shares outstanding with full government dillution total shares outstanding will increase to 1.791 Billion giving AIG at current price around $52/share a market cap of $93 Billion!

 The Billion dollar question is AIG currently worth anywhere near $93 Billion!

 

2 Comments – Post Your Own

#1) On December 22, 2010 at 9:17 PM, yiersan123 wrote:

Wonderful. Share a website with you , (http://www.gotootoo.com) Believe you will love it. huge select of jerseys, wholesale price.
http://www.gotootoo.com
NFL JERSEYS $27NBA JERSEYS $30MLB JERSEYS $30NHL JERSEYS $35.98
IF you order more than 10 pieces jersey, the shipping fees is free.accept paypal, IPS, western union, credit card.shipping method is EMS, We will offer a tracking number to you when send the goods to you.delivery time is 5—8days, and door to door.
http://www.gotootoo.com
fd

Report this comment
#2) On December 28, 2010 at 8:19 AM, xuanchuang wrote:

Welcome to ---------------(http://www.newgoing.com )We are specialized in offering all kinds of top brand shoes, jeans, t- shirts, bikini, swimwear, jacket, jerseys, watches, purses, handbags, belts, wallets , sunglasses and hats etc.Accept paypal ,All the prices list on our website include shipping cost,insurance, tax etc..$30 nike shoes,air jordan shoes,nike shox shoes,gucci shoes$35 true religion jeans, ed hardy jeans,coogi jeans,afflictio n jeans, Laguna Beach Jeans$14 ed hardy T-shirts,Coogi T-shirts,Christ ian Audigier T-shirts,Gucci T-shirts, T-shirts.$35 coach handbag,gucci handbag,prada handbag,chanel handbag.fd

Report this comment

Featured Broker Partners


Advertisement