RE: low volume bullish sign for CMK I figure they think they are going to get their money from US thru the rights offering.8 rights per share
at .0205 or 16.5 cents per share you currently own.Lets say you have 100,000 shares.They will issue
you 800.000 rights and it will cost you $16,500 and you will now hold 900,000 shares.Thats how i read it.
209.000,000 shs o/s times 16.5 cents = about $34.5M if all rights are exercised.Problem is that they
will have to do a large consolidation(1 for 10 or 1 for 20) down the road to make this tradeable at anything
other than a penny.So they want you to give them more money so they can cut your shares in half.So if
you had exd. the rights and had 900,000 shrs a 1 for 20 consolidation would leave you with 45,000 shares
left.The Cline float would be back to about where it is now.A bad deal IMO.