Heavy Hitter Crew

[roatan2]

Re: VRMD, that's right greatday.

The PR has valued Meridian's assets at $3.5M. That gives the company a book value of 0.05 which translates into a share price of $0.50-$0.75 depending on the kind of multiple you wish to use.

I would expect a merger like this to close within 90 days.

Plus shareholders now get 40% more shares in VRMD, as well as shares in the real estate spin off portion, with details to be announced.

And the fact that a pink sheet company is going straight to AMEX, is frankly something I have never seen before if they pull it off...That will make headlines IMO.

Today, due to the dividend the SP has adjusted down to the 0.06-0.07 area.

There has not been any short covering as yet, and the estimated short on VRMD is about 10M.

Will be interesting to watch the company's next move.