Dear Cashmere Holding Co (DRCR)

[AgInAustin]

Arguments against DRCR converting the preferred of James and Nick
1) They need a strong share price in order to make the acquisitions that James is currently out hunting
2) James said that a majority would not convert
3) ILUS has 10 M shares of common DRCR stock. Do we really think that Nick is going to let those shares be devalued by excessive conversions? No chance. He needs those shares to be valuable so that he can use them as collateral for $ILUS.

Let me know if you can see other arguments

So, with that being the case, we have a valuation of $156M being assigned to DRCR. That works out to $2.90 per DRCR share. If I'm off by a factor of 2. No big deal. DRCR is trading at 0.075. The upside could be huge.