I'm just trying to figure out the CDEL relentlessness. It can't be just a large shareholder. The notes issued last March had a six month hold and so it makes a little sense that they are cashing in these days. As I said, its just a guess. If I had to further guess as to cost basis - and this is a rough one that I don't want to explain because it is so rough- I'd guess an adjusted cost to the holder of around $0.60 perhaps. So liquidating at anything over $0.80 is a pretty good profit.
Problem with this guesswork analysis is that with this low volume environment, it could another month for them to be done. Good news is that they won't sell at a loss so maybe there is a floor not too far below here.
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