If the vote were to pass for the R/S, when would the R/S actually occur? I seem to remember reading that it was a matter of filing the paperwork and that it did not have to occur immediately.
I am thinking/hoping that CB has a plan here. See if this makes sense:
CB obviously wants the R/S to pass. After the vote, he holds off on filing the paperwork for a period of time while driving the pre-R/S pps up with news of successful wells (of which he probably already knows about). It would not take much to get this up near .20 prior to the R/S. Post R/S, that puts the shares at $5.
If he were to file for the R/S immediately, the pps would be around .50. It would take A LOT more here to get the pps from .50 up to $5.
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