Smart money is taking the long position. At .0025, Red oak will break out even after holding for 2 years. Anyone that is long knows that Red Oak came in to make money, not break out even. If .0025 (approx $ 3,500,000) will go the shareholders, where is the other $11,500,000 going? Why change the name to CBA? In addition to the $11,500,000, other assets (?), approx $1,000,000 in its coffers, and approx $50,000,000 in tax loses. Did anyone really understand the conversion to preferred positions? Does anyone in their right mind believe their shares are worth .0025? Since we not privy the boards intentions, we will have to wait. We should learn more after the meeting on Monday. PS, IMO, there may be a merger in the works.
