Tasty Booshers

[derxanman]

During BK CTC hit $3.25 per share.

However, during BK there has been an additional 5-6 mil shares exercised by the debenture finance holders - this obviously reduces the upside pressure on the PPS. The good news is that the PPS has weathered these events and is now moving higher.

I think $3.25 is realistic AFTER BK approval and BEFORE BK exit (30 days later) if revenue is announced in this period. Revenue announcements are likely as there is a lot going on with General Cable and it is in the best interest for CTC to drive the PPS up to lower the number of shares owed to litigants. GC has a conference call on 11/2. In the past they have discussed CTC. CTC BK exit would be a nice thing to mention when they discuss their energy sector business.