Frank,
I got annual report and summons to annual meeting. From my reading of the report, I estimate that there is about 6,357,456 shares outstanding, although it not certain. that means that we would be getting about $2.04 a share in ATI stock. If the figure is correct, there would be about $.30 in arbitrage available. But, even the company does not know how many shares are available, and there are so many conversion factors and warrants and options available that we can't be certain, but, it would take another 1,300,000 shares to bring the price down to $1.70. My analysis was quick and dirty, has anyone else done an analisys?
Sheldon
|
