The value is the price you could sell converted units for in a free market less the cost of conversion. That value could be zero, it could be negative or it could be substantial. Whether it is above the cost that present owners/investors have sunk into it is a different issue and will probably drive how many otherwise insolvent banks will need to be bailed out by the taxpayer. The solution is hyperinflation so that everyone wins.
Except those with cash, savings accounts, bonds, life insurance, fixed pensions or anything else tied to the dollar. Sorry if I missed any implied sarcasm.
I was watching a show set in the early 1960s where a character was buying a 5 room apartment in New York City for about what I paid for a car last year, about $32,000. And that's without hyperinflation.