ithaca , I would be happy for you if you got 30 cents a share but the reality is there is a truck load of secured debt and some overseas based vulture funds now holding a chunk of it.
This would value the equity at 240 million just as the banks are walking away at 70 cents on the dollar, writing off 750 million. I think they will be working on more information than I have.
Good luck, if you win so do I.
AEJ Price at posting:
5.5¢ Sentiment: None Disclosure: Held
