It was another good way for someone to make a buck on
someone else!
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If CSMA was trading around 18 cents, 15 cents or whatever
price you would like to put on it. If you spin-off stock
into two additional companies, each stockholder now has
shares of 3 companies.
CSMA the only one being (presently) free trading. Now, if
there is still time to own the stock before the spin-off
is complete. (and I don't know how to explain it, or when
it will take place date wise) That is what is keeping the
stock price "up".
Otherwise, CSMA is worth about 1/20th or less than it "was"
yesterday. Or when the deal is actually completed. Now,
am I making it more confusing?
I value Ad-HaTTeRs above CSMA or Enviro-tech because they
actually Do have profits. And they also have assets.
Put whatever value you want on them, anyway you figure it,
CSMA will be trading at a penny or so after the deal is done.
So, if CSMA 'was' worth 18 cents, and spun-off 95% of their
assets and income producing capabilities, it is worth (IMO)
about half a cent.
Ad-Hatters I'll put somewhere at 85 cents.
Enviro-tech around 35 cents.
You put whatever value on it you wish.
Thing is, without financial info, you have a "pig in a poke"!
Another thing. The only one's that know what each is worth, is
the company insiders.
But there could be a golden opportunity to make a buck on one,
two or all the companies. IF you only knew how to trade
them!
KZAP |
