RE:RE:Up to $272 million in Indications of Financial Support V.CPSSo far today the shares have increased from $0.20 to $0.30. Based on 83.42 million shares outstanding, the news release has added $8.342 million in market capitalization or 3% of the announced funding of $272 million.
I am not trying to be a pumper here but I believe that the increase should be quite a bit higher than 3%; granted, some of this is in the form of loans. If your view is that the market should reward CPS with 10% of the $272 million (I wouldn't go much higher than that at this point), then the share price should be closer to $0.50.
The uncertainty will continue to be at what price is everyone going to get diluted at. I would suggest that anything below the $0.50 mark would be entirely punitive to existing shareholders.
Perhaps I am dreaming.
LR