RE: I thought the drill was suppose to be....Check out CME.V - On Monday they traded @ .95 to 1 buck. They did a PP at $1.30. Today they trade 85- 98 cents
The flow through is a tax write off so you can get a premium.
I would hope that if they do a PP that it will be north of $1.5 with no freebe warrants on it either. They have way too much on the go to give away those freebe warrants but that's JMHO and I have no idea if they are going to do a PP or not.
MM