CPH is still a 6.5 bagger, whilst AC8 hasn't even gained 1.5 bags. This is a true dog with fleas and has a register that is as fickle as its management (who are paid ridiculous sums for no output).
I still feel we are expensive even though cash makes up 30% of our market cap. The CPH acquisition would make up an other 30%, leaving the remaining $20m for the value of the existing assets of the company that made $5k last quarter.
This is a junk bond that is probably worth closer to 6 cents. However, sometimes you take a punt on these based on blind faith. Looking at its history, I should've stayed clear of this high overhead business that can't successfully launch a product.
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