Counsel: "...and looking at the end of this period, in your projection, what is the total amount of cash the debtors are projecting to have at the end of March 2025?"
Witness (Financial Advisor / Restructuring Professional): "One billion, two-hundred and fifty-one million dollars."
***Using this 'under oath' stated amount of cash ($1,251,000,000) and dividing it by the outstanding/set amount of Yellow's common shares (52,128,887)...this implies a future YELLQ stock price of $23.998, suggesting an upside move of 208% from Friday's closing price of $7.80 (which stands as a multi-year high)! The all-time low was .43 cents, last July. Since that point, the company's share price has steadily moved up a whopping 1,714% - surpassing NEARLY ALL publicly traded American stocks over the previous 9 months...let alone on a multi-year basis!
For the avoidance of doubt, the Advisor's cash flow forecast "does" include projected administrative/property/professional/legal/sales/employee costs & fees. For additional clarity, this projected amount of cash also "does" include estimated proceeds from sales of Yellow Corporation's: (owned) rolling stock, remaining (owned) real estate, remaining (leased) real estate, and forecasted accounts receivable. Prior to the bankruptcy petition filing in 2023, Yellow was the 5th largest transportation company in North America!
$YELLQ
Submitted April 21, 2024 at 01:09AM by PhaseP38 https://ift.tt/FDB2Ef0
