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Re: SchlumpyStock-Picker post# 9594

Monday, 03/29/2010 9:26:24 AM

Monday, March 29, 2010 9:26:24 AM

Post# of 48930
I forgot to mention how I came up with the cash buy-out amount will be $0.016. I figured that the serious negotiations between the recycling company and UWRL started, the PPS for UWRL was spiking at around $.0085 a few weeks ago. This added to the private company value which I am going to assume is of similar value, brings us to $0.016+ .

The only thing that worries me about the deal is that if the private company’s value is only equivalent to the value of UWRL when it traded @ $0.0015 prior to the start of merger talks. The merger talks maybe what pushed the PPS up in the first place.