OTCPK:CUUHF - Post by User
Comment by
wheeloffortuneon Jul 29, 2020 11:16am
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Post# 31337202
RE:RE:RE:4 m bird shares/ 31m sox shares=0.129
RE:RE:RE:4 m bird shares/ 31m sox shares=0.129The problem is TMX says it has a market cap of $10.9M wtih 31m shares, that's your 35 cents it's trading at, but it's bleeding $5.92/share, so come 4th qtr vote, a 13 cent offer is better than nothing if they file for bankruptcy under no vote over all the debt and commons is in last position in collection. You're best move is to get the 35 cents today while investors are still waking up over what just happened. A few months ago, I lost all my principal on Key Media when it filed for bankruptcy. I got zero, zilch, nada after the higher priority creditors got their cut in the bankruptcy. Don't make the same mistake I dd.
BB123456 wrote: They need shareholders to vote for the deal. I would not be surprised if Bird needs to increase the amount paid as the stock was trading at $0.90 before the transaction was announced, so $0.13 certainly is being opportunistic.