re: cash backing 22c per share...??? By my calculations, just over 2.5m shares have traded below 32c since they listed.
That's about what today's volume is at right now (10:50), so if the buyers keep comming, it should go higher.
Still a long way off the 50c issue price, so no real overhead for quite a while.
Cheers!
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get ready for next pno/bpo!!!!! cgs to fly $$$$$, page-9
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