CBAY - Just taking the OS of 41 million shaers, plus the net current assets of $24 million, gives us $0.59 per share.
The short is ridiculous in this stock and that does not even the 59 cents above does not even take into account the $31 million in projected revenues from CBAY's investments.
This should drift up nicely towards fair value and then really go bang once the co receives the $13 million it is owed.
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