Ann: Trading Halt, page-11

Hi,

the total number of shares at present is 255 million plus 29.5 million convertibles and this gives us a total of around 343.5 million shares in total.(each convertible converts to 3 shares)
Azz has around 32 million debt to Macquarie bank and they should have around 18 to 20 million cash in the bank (unless it has been spent recently).

so at $1 per share, the company is valued at $343.5 + 32 - 18 = $357.5 million
This about seems fair price but the biggest winners will be convertible note holders from last week.