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Pedtupe

07/27/06 8:42 PM

#18700 RE: rmt28265 #18685

Whatever the market decides to base the price on, it would be ridiculous to go below book value of just over $7, especially since that value is primarily CASH as of the cashing in of the 500 million dollar bond just recently (the facts of which will surely be made evident shortly in filings).
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mingus79

07/27/06 8:43 PM

#18704 RE: rmt28265 #18685

At this point, there is an 8K describing CVSU, and that 8K claims CVSU has a book value of $800M. However, there is so much about this deal that doesn't make sense. Therefore, the market is pricing FHAL/CVSU combined as being worth ~$1.00.

I agree, I like having conversations and have distain for name callers