Sooooooo.....

brundoggie worst case scenario is 342,000,000/1,175,333,333 = around 30%

GW worst case scenario comes in at about 25%

my position that management assumes we have already been conditioned to accept 1/3rd says about 33%

And there you have it. Worse case scenario is that we will share about 30% of any award.

3.8 billion asking probably means 2 billion getting. To be extra conservative, lets say we get 1.5 billion.

$1,500,000,000 x .30 = $450,000,000

since 342,000,000 shares gets that 30%

then:

$450,000,000/342,000,000 = $1.32/share