"Can you give the sequence of how you arrived at those estimates?"

$500m goes on debts and taxes. 88% to Tenor, 3% MIP, 9% shareholders (366m shares) - roughly. So it depends upon what the actual settlement is. If it's $900m then NAP is $400m and 9% is about 10 cents/share, if it's $1.4bn then NAP is $900m and 9% is 22 cents / share.

The pie-in-the-sky $1 / share means Tenor give up $265m. Not going to happen and it serves no one to promote false hope, I think we have had enough of that.

"I thought the options were long past due."

I think there are warrants priced at 10 cents that expire in 2021 (some at 24 cents may expire later).

Don't forget that Tenor will get all their money back plus interest before anyone else and no one can really stop that. So if we get into a legal fight they don't care how long it takes, it is all gravy for them.