RE:My best guessNo doubt the NAV of the underlying assets greatly exceeds the current market cap. I can get to north of $2.50 without much difficulty.
If the big shareholders (Blue Wolf and Polar) are even vaguely aware of the NAV then KS et al may have a difficult time at $1.00. Most certainly a dissent action by some shareholders would be on the cards.
If one believes that $1.00 is a possibility then a $.60 purchase is a pretty healty risk adjusted return. At $2.00+ you are talking very serious ROI.
For those of who who are shareholders, be sure to email questions you wish addressed at CFF's Monday AGM. It will interesting to see if management provides answers.