By my calc's the fully diluted numbers for CFE with all options...

By my calc's the fully diluted numbers for CFE with all options exercised at their various prices (I included the 3.3 million at $1.40 but I can's quite see that happening) show there would be 482.935 million shares fully diluted with $468.8 million incoming from sale proceeds and option conversions giving non-discounted cash value of $1.03 per share.

Obviously that has to be discounted somewhat right now for the due diligence failure risk and a further discount for the markets general aversion to stocks holding cash and little else. But that still leaves a little bit of upside from 50c.


Very solid buying in the options at 23c on close.

























Damn it.