RE:Cash per share of $6.56stardust, did you account for the preferred shares and liabilities?
Prefs: $322.5 million
My ballpark calculations put shareholder equity at approx $1 billion after the sale of Aeroplan.
And that is using the company's values for their equity investments.
PLM should garner at least $200 million more than book value.
Sum of the parts, Aiimia could be worth $7 per share on a complete liquidation.