Couple days old but.....Rights offering successful
Post reorg CJES is worth a minimum of $13.58 per share. 14,727,550 shares valued @ $13.58 per share, $200mil
Existing common holders get an automatic put option for FREE. If the hedges bought in @ $13.58 make no mistake about it, the post reorg CJES is worth well north of $25 per share. When the court dust settles and the year end tax loss selling stops, CJESQ will follow the same path as BTUUQ.
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