We need the company to provide much more clarity on this SPAC. My reading is merged entity valued at $1.49 of which CBR would own two thirds which equates to roughly $1. Then we need to apply a sizable discount for all the risks involved (might not happen, US currency, etc etc). Say 50% which gets you to 50c. Buying up to this price looks like good value to me. DYOR
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-12
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