takeover situation, page-4

kentwang said:

"At the moment I see no value in FML exercising the convertible notes and options, it being better to keep the $13m in play, especially in a failed takeover scenario they could pick up even more CRE shares by converting at a later date after the CRE share price has plummeted..."

kent, the notes convert into CRE shares @ a price of 5c. If CRE's SP plummeted, there would be no value in the notes? The value in the notes is if the SP stays over 5c, yes?

boydie, I had a situation like yours, except you made 50%, and I came out even. :D However, in assessing CRE shares to buy now, it's an interesting one. Since the CRE buyer has gone, I reckon there'll be vultures circling, seeking blood as the remaining CRE holders seek to exit. As there's only a small amount of time before an outcome occurs re CRE, I'd be weorriedabout getting caught in, with buyers asking for less and less.

If you do go in, good luck. :) It's all a mystery bag right now!