Re: Positive Carry, please explain?
in response to
by
posted on
Mar 30, 2011 12:17PM
I dont understand the logic here. Finskiy and friends own at least 40% already .. how difficult would it be to have his connections .. if these are not in place already.. pick up another 10%.
Especially of the SP goes to 35 cents.
How are we going to dump the BOD when Finskiy is effectively in charge. The 78 Million shares registered on Stockigloo is not even 30% of the 50% required.
Conversely .. Finskiy and friends likely already have over 80% of the 50% needed to control the BOD.
Market caps of companies with similar production profiles as CMM are often 7-800 Million. With 46 M in cash .. realizing that production estimate becomes more probable and so realizing such a market cap becomes more probable.
With the merger that works out to 2.42/wtg share or 97 cents per CMM share.
Offer me anywhere near a buck for this stock and most of my position is gone.