China-Biotics, Inc. (CHBT)

[viking86]

Wefe brought up an interesting point re. Pope. Dec 11 is the day its $25M convertible note expires and can be cashed out or converted into 2.08M shares at $12/sh. If Pope cashes out, the breakeven price for Pope including the accrued interest is about $14.2/sh. So I really hope the stock would not rise much above that price until Dec 11 so Pope would opt to cash out. That would mean 2.08M shares less for the O/S or almost 10% more eps growth for an eternity!

Let's see: with no Pope's shares, Nevader predicts an eps of $8.82 for FY 2013 (ending March 31 2013)vs. 7.98 with Pope's shares, or 84c more per share. Give it a PE of 15 just as an example, that's a price difference of $12.6 per share. So let's pray Pope doesnt convert !!!!!