Any idea why the units (GHBAU) have a bid/ask of $2.75 x $3.51?
I calculate they are worth about $0.40 / share. The original units included 2 shares of common stock and 10 Class Z warrants. After adjusting for the 1/10 reverse split, I calculate you will receive .20 shares (2/10) and 10 Class Z warrans with a strike price of $50 (actually, the number of warrants probably needs to be adjusted for the 1/10 reverse split, which yields 1 warrant with a strike price of $50).
So, if you receive .20 shares, and the common is currently trading at $2, they are worth about $0.40 (.2 x $2).
Anyone else have a different idea on what the units are worth?
