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Re: Value_Investor post# 337

Sunday, 10/02/2016 5:47:46 AM

Sunday, October 02, 2016 5:47:46 AM

Post# of 431
That has nothing to do with my calculation, which compares the ROI the KalVista investors are getting on their money (over 100%) in the valuation of the merged company that they own 80% of, compared to CBYL shareholders, whose CASH is discounted by over 50% and their total investment by 90%.

No question that CBYL is a failed company and KalVista still has a chance, but that's not an excuse for discounting cash.

The deal should be killled and the cash liquidated to shareholders.


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