The calculation now comes down to a punt on the gi-gi's for long term holders... The odds are in your favour, but it's still a punt.
If the bet comes off (1 in 3 chance) the share price will be above the 52 week high - so 5 times more than the current price or so. If it doesn't, cash will be constrained and they will be back to a 10 cent company.
Not bad as far as punts go.
thirty two percent chance of success, page-13
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