Dear Cashmere Holding Co (DRCR)

[AgInAustin]

They key thing is that DRCR was given a $156M valuation. That's huge and given that the current MC is $4.4M it indicates that DRCR is massively undervalued even if there is some concern about the preferred shares. The valuation not only serves to set the split of shares between the two companies, it serves as a target MC. These valuations are shared in the investment roadshows that they do and they get buy-in from these firms. They usually have a loose commitment to invest which should drive the post merger MC to the sum of these valuations. Seems like easy money to me. I am very bullish.