Where does someone come up with 'less than 40 cents', well, they quit asking everyone else to do their DD and read the DS and POR. I'll save you the trouble, as it irritates me to no end when i glance over this MB and see a bunch of questions, when the answers are readily available in public filings.
As it currently stands, if you vote 'yes' for the POR, your shares get cancelled and you get no more than 24-26 cents per existing share figuring in the KEIP.
If you vote 'no' for the POR, you get 0-26 cents, with a high possibility for the low end of that range, and the same cancellation.
Now, for the seekingalpha blog. Ive talked with Mr. Farooqi 3 times, if i recall correctly, about a year ago. I can tell you the point of his write up was pure sarcasm. What he was telling folks that the stock trading at the current levels implies a disconnect with reality. He took every off the map multiplier and comp imaginable and didn't come up with a value that it is currently at. That was his point, a valuation analysis under terms that are unrealistically off the map and still comes up short of what it is currently at. He was making a joke amongst professional counterparts in his field. Farukh is pretty sharp, so i knew what he was getting at right off the bat. Feel free to call him and ask.
These are the facts, give or take a penny or two (who cares about a penny), but it is what it is at this point and we'll see what lies ahead.
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