RE:RE:Shorts Have 5 Trading Sessions to Cover
At this point, I think longs have two alternatives to hope for:
1) There may be a company willing to buy out CXR shareholders, but at a price that is not much more than it is currently trading for (I think those who are hoping for a $15+ takeover price are dreaming, but hey, anything's possible.........)
2) If CXR sells off some assets to pay down their high-interest debt, they could probably survive for a number of years, but I wouldn't count on much of an increase in share price.....CXR could hover in the $3 to $6 price range for the rest of its existence..........
How's that for optimism!!!