GREY:COLUF - Post by User
Comment by
naeden99on Feb 12, 2014 11:06pm
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Post# 22203088
RE:CSI.NT
RE:CSI.NTThe new money (the DIP) is coming in at an implied value of $1 per new share (plus warrant). The notes are being written down to 30% of their value and getting shares at a valuation of $1/sh (plus warrant).
This implies a value of ~$30/$100 or 3x the last trading price (and hopefully some upside on that if they can actually get the reorganized company into production).
The notes could also get more if they are able to sell the company at a valuation higher than $50 mm.