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Have you guys given up on this one?MC is setting at 60M which means the recently 110M of converted debt is worth 60M less and old equity is worth 10M! MC= 41M X 1.47= 60M Old equity= 0.165*60M= 10M The balance (50M) is supposedly worth 110M! Low NG prices and POS management. Will debt holders/new shareholders liquidate at this level? Am I missing anything else? |
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