RE:RE:RE:RE:RE:ReverseSplitIdiots 2: The Aftermath$1.70 is as confident and certain as basher rookie pulling 30c out of his a rse, saying GCM will drop with absolute certainty to 30c postsplit.
Method wrote: I don't understand where this $1.70 number comes from.
The debentures (both sets) are convertible at US$1.95 or ~C$2.65 based on current exchange rates or almost C$1 higher than this $1.70 number being thrown out there.
I would note that at that price OF C$2.65, valuation would be a hefty 2.4x EV/EBITDA.