OTCPK:DRWIQ - Post by User
Comment by
bullgamblaon Oct 21, 2016 12:59pm
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Post# 25371392
RE:RE:Free DD on this stock for everybody
RE:RE:Free DD on this stock for everybodyHey guys, I should have clarified my post better. CRNT stock moved up at the time to $2.50 which was a 0.30 gain. Multiply that by 78MM shares and we had an INCREASE in market cap by 23,400,000 USD. Let's get an update - CRNT is trading at 2.59 which is .49 USD higher than Wednesday's close before the news broke. Based on that info, CRNT has ADDED $38.22MM USD in Market cap. Extrapolating with those metrics to determine if we have an efficient market, DWI sits at $4.00 USD currently 12:50PM EST ($5.30 CAD) . Since Wednesday's close, Dragon has added $ 1.79USD (based on $2.21 USD close) which when multiplied by shares outstanding (5.5MM) is only $ 9.845MM USD or about $ 13MM CAD. Let's extrapolate further - CRNT adds $23.4MM in market cap and DRWI adds just under $10MM market cap. CRNT is Sprint's primary vendor and DRWI is "a vendor". Is our deal only worth 43% of CRNT's? We can discuss what we believe it is worth... maybe the market has priced this correctly. But I'm thinking we should be at 60 - 70% of CRNT's add in market cap which would equal a current price of 14MM USD to 16MM USD or increase in Dragonwave's current share price to $4.72 USD to $ 5.09USD or $ 6.23CAD to $6.72 CAD share price. Again, this is only speculation but I believe our share price should follow CRNT's on this move. GLTA, Bull G