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Message from discussion What is the meaning of PRO FORMA?
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fxchat  
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 More options Nov 6 2009, 5:09 pm
From: fxchat <theforexchatr...@gmail.com>
Date: Fri, 6 Nov 2009 14:09:51 -0800 (PST)
Local: Fri, Nov 6 2009 5:09 pm
Subject: Re: What is the meaning of PRO FORMA?
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Oh I understood already.

The proforma value is after paying off US Treasury equity which is in
the form of WARRANTS. And it is worthed more about 79% of AIG company.
Our common shares are only worthed 20% of AIG u see.

AIG had this WARRANTS for US TREASURY at $3.75. So once this stock
goes above $3.75 and above, they have to pay the US government the
proceeds above $3.75 too!.

That is why I think this stock max price is at 75. The US government
may want it to go higher than that.

So AIG has to keep paying the US TREASURY back their money. Thus
Credit Suisse thinks it is impossible for AIG to step on its own feet
any more.

However, I think CS is so wrong. AIG will continue making profits.
Possible $4bln profit per annum soon and full profitability by 2013 of
$10bln a year. They will be able to easily pay back all the government
money.

On Nov 6, 4:46 pm, fxchat <theforexchatr...@gmail.com> wrote:

> Hi,

> I see a book value of 540 and a proforma book value of 40.

> So we should look at the proforma book value??

> What does this means in AIG financial statement?


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