Leapz,
I reiterate .. Beware the potential for re-pricing! It has not been priced appropriately for this type of market. It is being sold like a Bull-mkt deal, and institutions will not fall for it.
The value of the "shell" in this deal at 5cps is approximately $30m. A shell for $30m?
Dreaming... and that will be the question institutions are asking ME.. why did you choose this shell?
My opinion is the re-pricing is a matter of when, not IF..
Best
Pete
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