kentwang said:
"At the moment I see no value in FML exercising the convertible notes and options, it being better to keep the $13m in play, especially in a failed takeover scenario they could pick up even more CRE shares by converting at a later date after the CRE share price has plummeted..."
kent, the notes convert into CRE shares @ a price of 5c. If CRE's SP plummeted, there would be no value in the notes? The value in the notes is if the SP stays over 5c, yes?
boydie, I had a situation like yours, except you made 50%, and I came out even. :D However, in assessing CRE shares to buy now, it's an interesting one. Since the CRE buyer has gone, I reckon there'll be vultures circling, seeking blood as the remaining CRE holders seek to exit. As there's only a small amount of time before an outcome occurs re CRE, I'd be weorriedabout getting caught in, with buyers asking for less and less.
If you do go in, good luck. :) It's all a mystery bag right now!
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kentwang said:"At the moment I see no value in FML exercising...
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Mkt cap ! $41.55M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 63063 | 14.5¢ |
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Price($) | Vol. | No. |
---|---|---|
15.0¢ | 47790 | 4 |
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No. | Vol. | Price($) |
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2 | 63063 | 0.145 |
2 | 53748 | 0.140 |
3 | 47421 | 0.135 |
2 | 24000 | 0.130 |
2 | 29121 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 47790 | 4 |
0.155 | 14055 | 2 |
0.160 | 17300 | 2 |
0.165 | 34919 | 2 |
0.170 | 26309 | 2 |
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