AI
Saturday, February 10, 2007 2:37:58 PM
whizknock, the R/S rumors are true now for CBCL. In addition to the Knight filing late yesterday indicating 16.5% ownership in CBCL, check OTCbb.com for the pre-filing from the company also late yesterday for the 1:1000 R/S for CBCL. It looks like around mid-March. Hard to imagine only 1.8 mil o/s after the split with Knight holding 16.5% of that. How many other strong holders locking up the float? There won't be anything left to trade after the R/S. lol.
My key is trying to determine a reasonable market cap after the acquisition provides some revenue guidance. An example would be $5 mil revs could warrant a market cap of maybe $10-$20 mil IMO. I believe the current market cap is about $360K. I'll do some math on that.
All IMO.
My key is trying to determine a reasonable market cap after the acquisition provides some revenue guidance. An example would be $5 mil revs could warrant a market cap of maybe $10-$20 mil IMO. I believe the current market cap is about $360K. I'll do some math on that.
All IMO.
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