RE:Wow..AIM to get $5.58 per share in cash for PLMMy estimate was a tad lower than this but today's sale is worth $5.58 per share in cash alone.
The carrying value of PLM was just $46 million. Or about $0.50 per share .
So, our book value increased by $5 per share and all cash too.
This boosts our net asset value to about $10 a share with 70% of that in cash.
There was a short position of 1.5 m which got caught today so they are scrambling to cover by wash trading to keep the share price contained.
That can't last much longer..