CDC Corp. Class A Common (CDCAQ)

[jaxstraw]

$250M Cash with 35M OS = $7.14 in cash per share of CDCAQ.

False.

Read the transcript again.

What you keep missing is that the proceeds of this sale goes to satisfy creditors, it doesn't get added to the bottom line for CDCAQ.

Then the residual after creditors are satisfied, if they are satisfied, might have something to provide to shareholders.


That number will be determined in the RP/DS submitted in the future.

Also read in the transcript that the Judge expects multiple RP/DS submitted. Which means that different parties are going to slice up the proceeds in different ways to benefit their constituency if the sale goes through.

That being said, the Judge does state that in this hearing the overall contention is there is some value left for shareholders, just no idea how much.