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Now we wait for 4/1 news. Here is my calculations of the company's take from the settlement amount.
I am not going to go into the details , it has been discussed many times here.
The bottom line is - company will get a third of the settlement minus 2 mil it owes to different parties it loaned money from.
1/3 number is a result of legal fees and private investor's fees ( people who paid for company's expenses all these years also will get 1/3 ). I am not going to argue these numbers, they were discussed a lot here. Just look for these discussions if interested. There are open questions in these fees structure of course, hopefully they will be resolved by the upcoming PR.
So here what I think we get -
( per share take is NOT the same as share price, share price = book value x some multiplier ( for OTC it varies between 5-10 and infinity :) )
Settlement amount , Company's take, Per share take.
10,000,000.00 1,333,333.33 0.0027
15,000,000.00 3,000,000.00 0.0061
20,000,000.00 4,666,666.67 0.0095
30,000,000.00 8,000,000.00 0.0163
40,000,000.00 11,333,333.33 0.0231
50,000,000.00 14,666,666.67 0.0299
I stop at 50M as I think even 50 mil is far fetched .
30 mil volume before the PR , 4 mil volume after PR. glad everyone is going for the ride.
1.6 mil ASK is from Citadel Securities (CDEL). They are institutional short player.
Glenn said that he wouldn't take less than 50 million in a settlement ? I guess I missed that
I agree, but i don't think NDA in our case is there to protect Glenn from shareholders. I suspect it protects defendants
I strongly disagree
If that was the case there would not be a NDA
Thank you for posting this
Response to email within 30 days or public announcement about the settlement ?
What div ? where did you see that ?
Not all 42 mil will go to the company. They have expenses. Lawyers etc
No one knows the amount of the settlement, but everyone has an opinion about it :)
Company does not get the whole amount. There are expenses to be paid. Look thru the board , it has been discussed a lot.
if that 42.5 million number is true than the cash per share should be around .025 . that's 5 times more than the current stock price. And this is only the cash per share. Some shells in OTC trade at 10x of their cash per share.
A few people emailed Glenn yesterday , i did too. he replied to all of us in pretty much the same wording. So NDA is a real thing.
This is his reply to me -
.... right now I am under a tight NDA, we will have something to say when it is possible
' your call can not be completed as dialed'. wtf ? lol
I think the author of these numbers simple divided the settlement amount by 450 million shares, without taking in account the lawyers fees and other related debt.
Oh, that's what he loaded ?! My apologies. LOL
Really? this morning less than 100k shares traded till about 1 pm. LOL. He loaded LOL !
His formula is just to calculate the amount of cash per share CMGO is going to get depending on the settlement amounts, it does not mean the share price will match that number. It could get lower than that , it could get much higher than that.
Great analysis!
The question I have - do defendants even have these sums of money - 10,20, 50 mils ?
I am holding 6 mil in my cash account and 5 mil in my IRA
Here is the estimated formula I have in mind - take the settlement amount , divide by 3 ( 1/3 to lawyers , 1/3 to investors who paid for this law suit to go on ( i don't remember the names ) ). The remaining 1/3 divide by 450 million shares. that's a rough cash per share estimate company will get. the share price of course will correlate but will also depend on a lot of investor sentiment factors.
GLTA
The other party is FDA . lol
I am questioning how much money defendants even have. All this numbers flying around 100m 200m are not realistic i think.
Mediator would be a good sign
Indeed.
No worries , man. GL
You must be new to reading comprehension. This is exactly what I was implying - 5k is nothing, and this was a dump.
The low volume tells all. If something negative got leaked out of the court room the people who are seriously following it ( to the point of attending the hearings or having someone do that ) are holdings 10s of millions. They would be selling fast and a lot. We saw 2.5 million shares dropped at the ask, that's like 5k. I say this is all fishing expedition by the people who want cheap shares. JMO
The drop on low volume. this is all games. Hold your shares.
Could it be dilution ? I know the co is not reporting and theoretically can't sell new shares, but who knows.
Got another mil at .0025
Something fishy about this dump. Looks rushed and intentional.
I got 9 million locked up too
I hope our CEO understands how much they can pay and how much they can't. If he wants to settle for all the money they got then they will obviously not going to settle, they will take their chances at a trial.
Anyone has access to pace ? Can you look for any updates ?
Run Forest, run...
3.2 mil bid at .0028. That's $9k conviction
Today's volume is worth 4000 dollars. You think it's a whole group ? LOL ? Icahn ? Ackman ?