Escalera Resources Co. (fka ESCRQ)

[ash111]

There is no doubt about the merger value but even without a merger,the company's fair value is at least $33.3m(Net assets+ cash). proved reserves- net cash flows $ 90,112(in millions) per (“NSAI”) reserve estimates.

Warren’s market cap is $50m and they have only $4m more in cash than ECSR/

ESCR 's cap is only $2m

biggest Institutional Holders is Renaissance Technologies, LLC.increased position here recently.

i think the market realized that there is no reason for this being traded at that joke MV.