Friday, October 06, 2017 3:10:18 PM
Consider the disparity between the share structures of both companies. Then, we have to balance the share value of CR and RMRK to represent what CR is actually worth.
When we know the share structure, and value of company, then we can determine a price.
Look at CR today. $10 market value.
The trades on CR over the last week have been strange at best. I believe it to be some kind of test as to what market wil pay.
It's been $3-25. The $100 asks didn't get touched.
Hard to say what price will be without specifics of SS.
You can play with numbers tho. The disparity is over 10x.
I'm not sayin RS, share buyback for a financially stable company is possible, but I can't say what they will do.
Even if you have 5 mil now, and they RS 100:1 and put price in dollars, do the math.
One thing I know, is if this goes through, anyone holding will be rewarded.
The par value for the deal was related to where's the price has held over the past while.
This par value could be the share buyback.
Risk vs reward.
And I'm a tiny tiny fish. :)
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