Post by
jamesboag on Jan 04, 2011 4:04pm
COUGF @ $4.69 values KDKN @ $1.48
61% of COUGF @ $4.69 share, values KDKN @ $1.48 share (authorized shares $100m)
Comment by
SUCYN on Jan 04, 2011 5:33pm
61% of $4.69 comes out to $2.86 doesn't it ???SUCYN
Comment by
jamesboag on Jan 05, 2011 6:38pm
In order to value the KDKN portion of COUGF you need to calculate 61% of the market cap of COUGF divided by the 100 million KDKN shares. I notice the outstanding shares of KDKN are more than 10% above the number of authorized shares which suggests a significant number of naked shorts.
Comment by
SUCYN on Jan 05, 2011 7:26pm
So with COUGF @ $5.15, what is KDKN worth ???I tried to figure it out using your formula but I got too confused...Ha..Ha..SUCYN