I am a bit slow, but how does this sound? Snow peak buy a distressed aaset for 40m that has replacement cost of 400m? Snow peak then swap that 40m investment for shares in a spec that has a market cap of 20m, and they can not access those shares or that capital again for 2years?
Either Snowpeak, have been snowed by Ralph, or they can see a return here that warrants such a massive risk of capital?
Either way Csd just printed a Mill, even Ben B. Would be proud of that
CSD Price at posting:
8.0¢ Sentiment: Hold Disclosure: Held
