Jae,
It seems like the NNWC calculation in the EPV worksheet (cell "I44") ofthe Stock Valuation Spreadsheet is really calculating the NWC. In the formula, i don't see the 0.75 and 0.5 discount for inventory and recievables. Also, the comment in cell "H44" calls it Net Net Working Capital, but the content of cell "H44" itself is "NWC". Maybe I'm missing something. Other than that, great job!
Also, I posted a question on Citadel, but I placed it under the wrong section – I put it in "B" stocks instead of "C". I've spent the last few weeks on the kccllc.net website and learning more about the situation. It's the first bankruptcy I've been checking out, and although there are many aspects I'm still learning, I'm slwoly geting the feel for how they work. Anyways, just wanted to see your thoughts re my question – basically how Aurelius fits in the picture and why they would be more influential than Resilient in Regent's case. Thanks!
Ozz