Yes, frankj, I am still in and actually added some more Friday afternoon. I still think it has quite a bit of room to rebound. As we have stated before, there is no guarantee, and it might go to zero, however, the assets vs. liabilities are worth over $5 per share.
That said, much of that could be burned during bk with attorneys, etc., but they would have to really go through it to eat up all the equity. They are only about three weeks in. This could take up to a year or more. I still feel like there is an excellent chance an equity committee will be appointed, but it may still be a few months away.
At this point, no one knows if the shares will have value when they emerge. I just think they have to spend alot to go through the $5/ share. It is trading around .10. Big gap between those two values.
CEMJQ dropped to .03, moved all the way back to 1.78. We had equity valued at about $2.00/share at one time. It got close. It took a while to get there, but it happened.
I cannot say it will definitely go back up to those levels, but I am willing to take the risk/reward at these levels.
