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worthylion

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worthylion

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Thursday, 03/19/2020 12:09:05 AM

Thursday, March 19, 2020 12:09:05 AM

Post# of 105534
CBAI has an estimated .0105 per share in cash after selling all assets and recently announcing it will have SHs vote in Q2 to liquidate. Closed today at .0076 so a great arbitrage opportunity which should provide downside protection in this free fall market. Company controlled by Red Oak, a reputable hedge fund which came in as White Knight to rebuff low ball takeover and then sold all assets at much higher price. I'm long as it seems a sensible play in this market.
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